Bay Ridge Road, Park Slope, Brooklyn

Bay Ridge Road, Park Slope, Brooklyn

Project Description

This was a construction loan financing provided for a large developer in the Park Slope area of Brooklyn. This was relatively small construction loan but we were able to secure extremely low rates. Clearnote Capital provided construction financing for this 20-unit gut rehab project in the Bay Ridge section of Brooklyn, NY. The project was expedited and funded within a 45-day period. A hyper-competitive rate of 4.50% was issued for the loan for a 24-month term.

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Project Details

Date May 20, 2016 Categories Author Clearnote
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