A multifamily property in Bedford-Stuyvesant, New York, was recently involved in a closed transaction. The property was acquired by Champion Home Development LLC, represented by Rotem V. Moyal and Ron S. Shalom. The loan for the acquisition was provided by Washington Equity & Funding Corp., with Alex Piroozian as the lender representative.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,600,000
• Market: Bedford-Stuyvesant

Washington Equity & Funding Corp. (WEFC) financed the loan for the acquisition of the multifamily property. As a reputable lender in the Metropolitan Area for over 25 years, WEFC has been providing commercial bridge loans to real estate professionals, investors, brokers, and speculators. Their streamlined loan process allows for swift approvals and closings, often within 24 hours. Unlike many other bridge lenders, WEFC is able to fund up to 100% of the purchase price and renovation costs for properties.

Champion Home Development LLC, established in 2002, is actively involved in the acquisition and development of residential and commercial properties in the NY Metro Area. They have worked with numerous hard money lenders and consider Washington Equity & Funding Corp. to be among the best and most respected in the market. Champion Home Development praises the experience, common-sense approach, problem-solving ability, and quick turn-around time of Manny, Alex, and the entire Washington Equity team. They highly recommend them for any hard money deals.

Contact information for Champion Home Development LLC:

Rotem V. Moyal

Email: [email protected]

Ron S. Shalom

Email: [email protected]