The Bronx, NY
Property: Multifamily Triplex
Deal Type: Cash-Out Refinance
Loan Amount: $450,000
This deal was a 10-year, amortizing balloon fixed-rate mortgage loan secured for a multifamily, triplex property built in 1900 in The Bronx, New York. The property is fully occupied by three long-term tenants.
Stronghill was able to meet the borrower’s timeline by closing in a timely manner and providing funds to grow the borrower’s commercial real estate investment portfolio.