$6.5MM Single-Family Townhouse Development|Brooklyn, NY

Structured and arranged a construction loan for the completion of a 5,100-square-foot townhouse located in Brooklyn, N.Y.

Challenges

Client was seeking to pay off an expiring construction loan and required additional proceeds to fund cost overruns on the project. Furthermore, the client was experiencing a short-term liquidity crunch in addition to incurring additional cost overruns during the closing process.

Aruyel Nurbekova

JUNIOR ANALYST

Email

anurbekova@eyzenberg.com

D: (305) 995-0777

Alexei Muniak

ORIGINATOR

Email

amuniak@eyzenberg.com

D: (305) 995-0777 ext. 309
C: (917) 536-1057