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2018 Success Funding
Image by Yonghyun Lee

2 weeks closing refinancing of $2,700,000 mixed used building in Cobble Hill, Brooklyn, NY.  No restriction cash out for the borrower invest the capital back to the borrower's cheese manufacturing business.

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Fix and Flip loan on $1,200,000 Single Family Investment in Flushing, NY. Essencap arranged a quick 2 weeks closing on 75% of acquisition price plus 100% renovation cost, blended to 97% of purchase price.

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Refinanced on a $5,300,000 Land in Lake Ronkonkoma. The tenant entered into a 20 year agreement to build a new gas station.

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Closed $1,300,000 Purchase Financing on a Staten Island Warehouse for a handmade  cabinets business. Due to rent increase, the borrower decided in owning the real estate. Two weeks closing.

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Provided SBA 504 $5,300,000 Gastroenterology  Medical Office Purchase in Flushing, NY. Essencap arranged a 90% loan to value to the borrower, hydra 20-year fixed rate loan. 

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Refinanced a $1,000,000 mixed-use building in Plainview, NJ. Restaurant operator who occupies the ground floor needed the loan for working capital.

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Closed SBA 7a for a $2,400,000 Strip Mall Purchase in Smithtown, NY. The real estate is for a beer business where the owner has 30-year experience. 

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Refinanced on $4,800,000 Day Care Center/School in East Elmhurst, NY. The business was established since 1983 occupies a 3825 Square Foot three-story building. 

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Refinanced on $4,800,000 Office Building in Bayside, NY. The building is fully occupant by medical, legal, children related professional with access to the Bell Blvd business strip.

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Financing on $950,000 Mixed Used Property Purchase in Crown Heights, NY. Borrower is a realtor who has years of experience of managing properties.

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