Jeffrey Silver's Blog – April 2018 Archive (1)

Kennedy Funding Closes $2M Construction Loan In Brooklyn NY

We have just closed a $2M construction loan in Williamsburg Brooklyn on a piece of land that has been sitting empty for over a decade. The borrower plans to use the funds to build an eight-unit, 4 story walk-up building located at 100 Scholes Street. The loan will enable the borrower to transform the property into a revenue generating investment. Our ability to look past the borrower’s minimal experience with development and concentrate on the Williamsburg market allowed us to facilitate…

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Added by Jeffrey Silver on April 25, 2018 at 8:24am — No Comments