Aryia Bala Of Malve Capital Closes $1,770,000 Loan For Brooklyn Multifamily Property

The asset involved in this transaction is a multifamily property located in Brooklyn, New York, comprising 3,900 square feet and four units. The secured loan amount for this property is $1,770,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,770,000
• Lender: Aryia Bala - Malve Capital
• Loan Type: Bridge
• Loan Term: 18 Months
• Construction Budget: $400,000
• ARV: $2,700,000
• LTARV: 65.56%

The transaction was facilitated by Aryia Bala from Malve Capital, which successfully closed the financing. Malve Capital has demonstrated its ability to provide aggressive leverage and efficient execution in the New York market, supporting its clients with the necessary capital for this acquisition.