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  • W provides $4,900,000 bridge loan to acquire Brooklyn Heights properties

$4,900,000

Bridge Loan

Brooklyn Heights

W Financial has provided a $4,900,000 first mortgage bridge loan secured by two 25’ wide, multi-family buildings and a vacant lot in Brooklyn Heights. The borrower is planning improvements to maximize the rental income and thus the value of the property. Once the property is stabilized, he plans either to refinance the W Financial loan with a conventional loan, or to sell the properties.

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Special situation financing for commercial real estate.


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