Urban Haven Corp. Acquires Package Deal In New Haven, CT With $2.8M Loan From Silverhill Funding

Urban Haven Corp., owned by Avi Meer, has secured a $2,775,000 loan from Silverhill Funding for a package deal involving multiple properties in New Haven, CT. The properties included in the package deal are located at 30 & 48 Henry St., 171 Olive, 224 West Rock, 254 Orchard, 309 Norton, and 171 Blake St. The loan terms include an 80% loan-to-value (LTV) cash out, with a fixed interest rate of 4% for 30 years. The loan also offers flexible prepayment options and does not require tax returns.

Summary of transaction details

• Property Type: Package Deal
• Transaction Amount: $2,775,000
• Lender: Silverhill Funding
• Landlord: Urban Haven Corp. - Avi Meer
• Brokers: Abe Mann & Evan Boles - Progress Capital

Abe Mann and Evan Boles from Progress Capital represented the buyer, Urban Haven Corp., in this package deal. The transaction involved multiple properties with a combined loan amount of $2,775,000. The loan terms provided by Silverhill Funding allowed for an 80% cash out with a fixed interest rate of 4% for 30 years. The deal also offered flexible prepayment options and did not require tax returns.