Loan Strategy: Refinance
Location: Pleasantville, NY 10570, USA
- About this property: The borrower purchased a mixed-use property consisting of one commercial unit and sixteen residential apartments located at 98 Washington Avenue, Pleasantville, NY for $1,150,000. The borrower will complete the construction for $1,900,000. The property will have an estimated market value of $4,700,000 when the construction is completed and the property is stabilized.
- York Mortgage Rate: 7.5%
- Originator: York Funding LLC
- Lien Type: Pledge Agreement
- Repayment Type: Refinance
Investment Purpose & Strategy
- Loan Purpose: New Development of 14 units and 20-spot parking garage
- Loan Strategy: Refinance
- Rehab Budget: $ 2,500,000
- Construction Budget: $ 2,500,000
- Market Value: $ 3,425,000
View on map / Neighborhood
This style property is located in Pleasantville is currently Closed investments and has been listed on York Funding LLC. This property is listed at $ 2,000,000. It has bedrooms, bathrooms, and is . The property was built in year.