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Recent Transactions
Acquisition Loan
Alpharetta, GA
Loan Amount
$10,000,000
The loan funding will facilitate the acquisition of two office buildings totaling 253,000 SF (23,000 sqm), situated on 19.9 acres (80,500 sqm) of land. Currently leased at 73% occupancy, the office buildings are projected to generate $2.2million NOI in 2025.
Durham, NC
Loan Amount
$4,075,000
Funding the purchase of a six-story premier office building. Totaling 139,280 square feet, the property is currently 38.3% leased to an attractive mix of tenants with remaining WALT of 4.0 years.
Acquisition Loan
Purchase and Rehab Loan
Stanton, GA
Loan Amount
$7,100,000
Financing the purchase and renovation of an 88-unit garden/low-rise property built in 1972. The property comprises exclusively two-bedroom units, with each unit averaging 759 square feet. Additionally, the property includes 118 parking spaces.
Refinance Loan
Harlem, NY
Loan Amount
$5,550,000
Construction completion refinancing loan for a multi-family mixed-use building, which will feature 15 units with a total net rentable area of 8,856 square feet.
Ground Up Construction Loan
St. Petersburg, FL
Loan Amount
$4,150,000
The borrower is constructing 10 townhouses, each approximately 2,100 square feet with 3 bedrooms. The permits have been approved. The borrower expects to sell the townhouses for a total of $8 million, excluding a 6% sales commission. There are no existing loans on the project.
Residential Loan
Repaid on September 2024
Hartford, CT
Loan Amount
$2,000,000
An active local real estate investor is seeking a rate and term refinance loan secured by a renovated, 50-unit multi-family investment property in Hartford, CT. The property is 88% occupied.
Acquisition Loan
Partially repaid on February 2025
Atlanta, GA
Loan Amount
$17,600,000
This funding enabled the acquisition of four office buildings, totaling 563,000 square feet (52,300 square meters), situated on 28.9 acres (117,000 square meters) of land. Despite the current 52% occupancy, these offices generated a noteworthy $5 million Net Operating Income (NOI) in 2023.
The borrower secured this property at a very attractive price of $34.5 million through an expedited process with Wells Fargo Bank. This opportunity arose following the default of the previous borrower on its $60 million loan from the bank.
Bridge Loan
Repaid on October 2024
Bronx, NY
Loan Amount
$3,500,000
Refinancing of existing Loans and additional Loan to borrower. Sponsor is completing construction of a rental building consisting of 14 residential units (approximately 13,000 SF) with expected NOI $448K per annum.
Inventory Loan
Repaid on September 2024
Brooklyn, NY
Loan Amount
$5,850,000
Borrower completed project and needed to refinance and increase bank loan to enable him to carry the loan for an additional 6-12 months.
Construction Loan
Repaid on April 2024
Brooklyn, NY
Loan Amount
$2,450,000
Experienced Brooklyn developer required loan to finance the construction of a condo project. Loan is disbursed based on construction using external inspection company. Project is fully capitalized.
Construction Loan
Repaid on August 2023
Bushwick, NY
Loan Amount
$4,800,000
Refinancing of existing $4,300,000 Loan and
Financing of interest expense of up to $500,000
