Aryia Bala Of Malve Capital Provides $1,980,000 Acquisition Loan For Brooklyn Multifamily Property

A multifamily asset with 2 units is involved in this transaction, located in Brooklyn, NY, with a loan amount of $1,980,000 designated for acquisition purposes. The construction budget is set at $600,000, with an after-repair value (ARV) of $3,000,000 reflecting a loan-to-after-repair value (LTARV) of 66.00%. The loan term is established for 12 months.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,980,000
• Lender: Aryia Bala - Malve Capital
• Loan Type: Acquisition
• Loan Term: 12 Months
• Construction Budget: $600,000
• ARV: $3,000,000
• LTARV: 66.00%

Aryia Bala from Malve Capital facilitated this transaction, ensuring aggressive leverage and efficient execution for the Brooklyn acquisition. The firm aims to provide capital solutions for borrowers seeking to engage swiftly in the real estate market.