A multifamily property located on Kingsland Ave in the Greenpoint market has been involved in a closed transaction. The property spans approximately 1,880 square feet and consists of 2 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,450,000
• Market: Greenpoint
• Address: Kingsland Ave
• Asset Type: Multifamily
• Square Footage: 1,880
• Number of Units: 2

Washington Equity & Funding Corp., represented by Alex Piroozian, served as the lender in this acquisition. The loan amount provided was $1,450,000, and it was classified as a hard money private short-term mortgage loan. Washington Equity & Funding Corp. has been serving the private real estate investment community for over 25 years, offering services such as fix and flip loans. They handle all the underwriting, processing, funding, and servicing in-house. They provide efficient loan approval within one hour, and closings can take as little as 24 hours with a clear title. The repayment terms for their loans can extend up to 2 years, and they offer competitive market-priced rates. Washington Equity & Funding Corp. specializes in financing for one to five-family and mixed-use properties, providing loans ranging from $150,000 to over $1 million. They also offer pre-approval letters to facilitate the purchasing process.

Contact information for Washington Equity & Funding Corp.:

Manny: 516-423-9770

Email: [email protected]

Email: [email protected]

Website: Wefundingcorp.com