Flatiron Realty Capital Provides $1.5M Bridge Loan For Ocean Hill Multifamily

The property at 86 Macdougal Street in Ocean Hill, Brooklyn has been involved in a loan transaction. The landlord, Sahel Khan, secured a $1,500,000 bridge loan from Flatiron Realty Capital for the acquisition and development of the multifamily property. Despite market volatility and limited liquidity, the in-house capital and portfolio loan program of Flatiron Realty Capital allowed for the financing of this mid-construction build.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,500,000
• Lender: Flatiron Realty Capital
• Landlord: Sahel Khan
• Loan Type: Bridge
• Loan Terms: Acquisition & Development

Flatiron Realty Capital, a direct private lender, provided the 12-month acquisition and construction loan for the property. For assistance in financing your next project, you can reach out to Seena Talas at [email protected] or Zakary Fouladi at [email protected].