Stake Property Group Secures $500k Loan From Washington Equity & Funding Corp. In Bronx Multifamily Deal

In a recent closed transaction in Bronx, a multifamily property was involved. The property was financed by Washington Equity & Funding Corp., with a loan amount of $500,000. The landlord in this deal was Stake Property Group, headed by Michael Yakubov.

Summary of transaction details

• Property Type: Multifamily
• Loan Amount: $500,000

Stake Property Group, led by Michael Yakubov, focuses on purchasing non-performing notes in NY, Florida, Texas, and Nevada. They specialize in underperforming assets and opportunistic investments in the multi-family investment space. For any potential investment opportunities, interested parties can contact Michael Yakubov at [email protected].

Washington Equity & Funding Corp., the lender in this transaction, provides private short-term loans for fix & flips. They were able to fund this loan within 24 hours. For those interested in obtaining a loan with Washington Equity & Funding Corp., they can reach out to Alex Piroozian at [email protected] or 516-439-4920.