Brooklyn & New York, NY Condominiums $13,250,000

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Brooklyn & New York, NY Condominiums
February, 2019

$13,250,000 Bridge Loan/NPL Acquisitions

size-icon Brooklyn & New York, NY

size-icon 29,000 Square Feet

size-icon Condominiums

January 2019 – Avant Capital has provided a first mortgage refinance loan of $6,000,000, secured by an eight-unit newly constructed condominium building in Harlem, to payoff a defaulted construction loan. The new loan will provide the borrower time to make-ready, market and sell units. Separately, Avant has acquired three loans secured by condominium projects in the Greenpoint neighborhood of Brooklyn.