Recently Funded Loans

$50,295,000 In Secured Assets  $27,805,185 In Funded Loans

Borrower used fund to purchase second home in the Hamptons.

Condo Flatiron

Cash Out Refinance

Loan Amount $2,500,000 

Borrower is a seasoned investor with multiple existing and past projects.  Acquired this 6,200 square foot brick Mansion to renovate and sell to a discreet Gold Coast buyer.
This loan was closed in 8 days.

1 Family Oyster Bay

Bridge Loan

$2,050,000

The Borrower was put into delinquency due to violation of subordinate financing. Bailed out from 24% payment to 7.5% for 1 Year.

3 Family Bed Stuy

Refinance Bail-out

Loan $1,511,250

Borrower used funds to renovate old YMCA building to convert to a Private School for a local religious community.
Exit Strategy is to raise funds through grants, government financing as well community and patrons fund raising.

Private School Plainfield

Cash Out Refinance

Loan $1,300,000

Borrower is a seasoned investor.
Used proceeds to fund another project. 
Exit Strategy is to refinance with mainstream lender at prevailing rate.

2 Family Bed Stuy

Bridge Loan

$1,300,000

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