Crown Heights (Brooklyn), NY — $2,270,000 SBA Purchase

A $2,270,000 SBA purchase on a laundromat building + equipment in Crown Heights (Brooklyn), NY.

$2,270,000

Loan Amount:

LTV %:

N/A

Crown Heights (Brooklyn)

City:

Laundromat Building + Equipment — 2,530 SF (SBA 7a; real estate + 82 new machines)

Property Type:

Purchase

Transaction Type:

A business owner set out to purchase a laundromat building + equipment in Crown Heights (Brooklyn), NY for their own operations — the kind of owner-occupied deal conventional lenders tend to slow-walk.

Essencap structured the financing for $2,270,000, underwriting the owner-occupied business case rather than forcing it into a rigid box.

Owning the property gave the business a stable base to operate and grow from.

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