$2,000,000 Bridge Loan
Central Harlem, Manhattan, NY
4,482 Square Feet
July 2016 – Avant Capital Partners originated a first mortgage loan in the amount of $2,025,000secured by a two-family, 4-story townhouse containing a gross building area of 4,880 square feet in Central Harlem. Proceeds of the Loan were used to retire existing debt and other outstanding obligation. The short term Loan represents 61% of Avant’s valuation for the property.
The Property is well situated within Central Harlem in proximity to Marcus Garvey Park, a neighborhood characterized by a quiet atmosphere suitable for families. The block on which the Property resides consists of well-maintained historic late 19th century brownstones, convenient to the 2 and 3 subway lines as well as the Harlem-125th Metro North station.