$13,250,000 Bridge Loan/NPL Acquisitions
Brooklyn & New York, NY
29,000 Square Feet
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.