1.5MM – Brooklyn – Retail

Area

Nostrand Ave. Brooklyn, NY

Property Type

RETAIL - (RESTAURANT/ BAR - OWNER OCCUPIED)

Loan Type

Bridge to Permanent

LFCP provided short term bridge financing to cure outstanding municipal bills and loan payments which were in arrears with the former lender. Formulated creative solution to provide additional capital for Capex to cure deferred maintenance issues. Created an exit strategy to secure conventional financing to satisfy the bridge loan months before maturity of the note.

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