Malve Capital Secures $2,720,000 Loan For Brooklyn Multifamily Property Acquisition

A 4-family property located in Brooklyn, New York has been financed through a purchase loan amounting to $2,720,000. The asset encompasses a total square footage of 4,075, with plans to enhance the property through a construction budget of $502,700.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,720,000
• Loan Type: Acquisition
• Loan Term: 24 Months
• ARV: $4,300,000
• LTARV: 63.26%

The transaction was facilitated by Aryia Bala of Malve Capital, who represents the lender in this acquisition loan. Malve Capital's expertise in the New York market enabled the swift execution of this loan, supporting the borrower to finalize the process within 10 days of submission.