East 2nd Street, New York City

East 2nd Street, New York City

Project Description

Clearnote Capital provided permanent financing for the project, a 10-unit building that had just been renovated in the East Village. This cash out refinance for $2,000,000 was interest only for five years. The rate (in the low 3% range) was at 150 over the 5 year swap rate. Clearnote placed the property in bankĀ application before most of the units were leased.

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Project Details

Date May 17, 2014 Categories Author Clearnote
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