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 this loan.
Please feel free to contact me with any questions or if you would like to discuss a new deal. Thanks