$3,500,000 Bridge Loan
Hamilton Heights, Manhattan, NY
11,472 Square Feet
January 2018 – Avant Capital Partners has originated a first mortgage loan in the amount of $3,500,000 secured by a multifamily rental property located in the Hamilton Heights section of Manhattan. Loan proceeds refinanced the debt on the property, funded reserves and closing costs and aided in the completion of renovation work. The building consists of one 5-bedroom apartment, 10 three-bedroom apartments, and three two-bedroom apartments. In addition to the to-be-completed basement unit, there are two completed apartments which are vacant. The property also has a 974 square foot retail space that is currently vacant.