Leon Lieberman & Ruben Izgelov Provide $1.7M Bridge Loan For 16-Unit Mixed-Use Property In Brooklyn

A 16-unit mixed-use property located in Brooklyn was involved in this transaction, representing a combination of residential and commercial units. The asset facilitated a bridge loan to assist the borrower in their investment endeavor.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $1,700,000
• Lender: Leon Lieberman & Ruben Izgelov - We Lend LLC
• Loan Type: Bridge
• Loan Terms: 12 months
• LTV: 55%
• Borrower Background: Residential experience, first mixed-use deal
• Closing Time: 2.5 weeks

This transaction was executed with the support of Leon Lieberman and Ruben Izgelov, who played a crucial role by offering a loan structure that met the borrower’s unique situation. Their strategy allowed the borrower, despite lacking commercial experience, to successfully engage in this mixed-use property transaction.