Lin Family Secures $3,500,000 Construction Loan From Michael Tsor Of Broadview Funding For 15-Unit Multifamily In Brooklyn

The property involved in this transaction is a MultiFamily asset located at 221 Bradford Street in the Brooklyn market. This asset consists of 15 units and has secured a construction loan amounting to $3,500,000 with terms set for a duration of 24 months.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,500,000
• Loan Type: Construction
• Loan Terms: 24 months
• Lender: Michael Tsor - Broadview Funding
• Landlord: Lin Family

The key individuals involved in this transaction include Michael Tsor, representing Broadview Funding, which specializes in construction, bridge, and DSCR loans across the Tri-State area and Florida. The Lin Family is noted as the landlord associated with the property.