$2,200,000 Bridge Loan
Fort Greene, Brooklyn, NY
3,542 Square Feet
April 2016 – Avant Capital Partners originated a loan in the amount of $2,200,000 secured by a first mortgage on a three-unit brownstone. Loan proceeds were used to refinance existing debt. The short term Loan represents 67% of Avant’s valuation for the property.
The Property is in the Fort Greene neighborhood of Brooklyn, known for tree-lined residential streets and brownstones in the northern and western areas of the neighborhood, and for a vibrant retail and entertainment atmosphere in the southeastern portion of the neighborhood, along renowned Flatbush Avenue. The property was 100% leased at the time the loan closed.