Cross Country Mortgage Provides $1,470,000 Loan For Mixed-use Property Acquisition In Ridgewood

This mixed-use property is located at 60-51 Myrtle Avenue in Ridgewood, covering a total square footage of 3,600. It is financed through an acquisition loan amounting to $1,470,000 for a duration of 30 years.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $1,470,000
• Lender: Cross Country Mortgage
• Broker: Shani Ben-Izhak - Win Capital Loans LLC
• Loan Type: Acquisition
• Loan Terms: 30 years

Broker Shani Ben-Izhak represents the financing needs of investors focused on mixed-use properties. The deal was supported by a DSCR loan tailored specifically for mixed-use eligibility, which required no personal income documentation, featured efficient underwriting, and was designed with investor-focused lending in mind.