Ronen Shahkoohi Of Malve Capital Provides $2,589,075 Loan For Brooklyn Multifamily Purchase And Construction

A multifamily property in Brooklyn, New York, has secured a bridge loan for $2,589,075. The asset comprises 3,040 square feet and consists of 2 units. The loan supports both the purchase and construction efforts related to the property.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,589,075
• Lender: Ronen Shahkoohi - Malve Capital
• Loan Type: Bridge
• Loan Terms: 12 Months
• ARV: $4,000,000
• LTARV: 64.73%
• Construction Budget: $800,000

Ronen Shahkoohi, representing Malve Capital, facilitated the successful closing of the transaction, demonstrating the firm’s ability to provide aggressive leverage and efficient execution in the Brooklyn market. The financing aims to enable swift progress in the acquisition and renovation of the property.