Project Description

$1,100,000 1st Mortgage Single-Family Refinance | Brooklyn, NY

Proceeds were used to refinance an existing private first mortgage and the balance used towards the acquisition of a multi-family investment property in Staten Island. The Property is a 3,000SF, 2-story single-family home in the wealthy Manhattan Beach neighborhood of Brooklyn, New York that was appraised for $2.2 million yielding an LTV of 50%. Closing was within 1 week.