We Lend LLC Provides $1.57M Acquisition And Fix And Flip Loan In Brooklyn

The asset involved in this transaction is a multifamily property located in Brooklyn with a square footage of 3,728. The acquisition was facilitated for a loan amount of $1,570,000, which accounts for 83.2% of the purchase price and 100% of the construction cost. The loan type categorized for this deal is acquisition and fix and flip.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,570,000
• Lender: Ruben Izgelov, Solomon Suleymanov, Moses Suleymanov, Nathan Aronov - We Lend LLC
• Market: Brooklyn
• Date: 12/20/2021
• Loan Type: Acquisition, Fix and Flip

The deal involved key individuals representing the lending side, including Ruben Izgelov, Solomon Suleymanov, Moses Suleymanov, and Nathan Aronov from We Lend LLC. Their collaboration emphasizes the financial backing required for such acquisitions and developments in the multifamily sector.