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Bronx, NY — $865,000 Bridge Cash-Out Refinance
A $865,000 bridge cash-out refinance at 60% LTV on a four-family investment in Bronx, NY.
$865,000
Loan Amount:
LTV %:
60%
Bronx
City:
Four-Family Investment
Property Type:
Cash-Out Refinance
Transaction Type:
An investor needed fast, flexible financing on a four-family investment in Bronx, NY — the kind of transitional deal conventional lenders are slow to fund.
Essencap provided a bridge loan of $865,000 at 60% loan-to-value on a short term, giving the investor time to execute their plan.
The bridge financing kept the project moving toward its longer-term exit.
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