Edgewood closed a $1,650,000 first mortgage bridge loan for the acquisition of a 3,375 SF, 5-unit multifamily property in Williamsburg, Brooklyn, NY. The financing enabled the sponsor to acquire a 100% vacant asset with plans to install new appliances and lease up units at market rents. Edgewood remains active in the $2MM-$40MM bridge lending space, providing flexible capital solutions for multifamily acquisitions and lease-ups.
Brooklyn Value-Add Multifamily
- Bridge Loans
- Multifamily
- New York Metro
$1,650,000 | 3,375 SF