The asset involved in this transaction is a mixed-use property comprising five apartments and one store, with a total square footage of 5,400. The loan amount dedicated to this acquisition is $1,175,000. The transaction took place in the Brooklyn market.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,175,000
• Loan Type: Acquisition
• Loan Terms: 12 Months
• Lender: Alex Piroozian - Washington Equity & Funding Corp
• Landlord: Sam Muratov & Eli Muratov
• Counsel: Sunil Agarwal - Sunil K. Agarwal, P.C.
• Closing Duration: Closed in 24 hours

This transaction was facilitated by a direct private lending service, emphasizing rapid processing and competitive market rates. The lender boasts over 25 years of experience in serving the private real estate investment community and specializes in various loan products, including fix and flip loans and DSCR loans, with no external underwriting or servicing requirements.