Cornerstone Capital Secures $8.8M Loan For Upper West Side Townhouse

Located in the Upper West Side on 45 W. 70th St., a recently renovated townhouse was the subject of a closed property transaction. The sponsor of the property sought funds to purchase another property, resulting in a loan from Titan Capital for an amount of $8,800,000. The loan terms included a 24-month interest-only period. The transaction was facilitated by brokers @RussellNova, @Alex_Nemy, and Igor Zakh from Cornerstone Capital of NY.

Summary of transaction details

• Property Type: SFR (Townhouse)
• Transaction Amount: $8,800,000
• Address: 45 W. 70th St.
• Market: Upper West Side

The loan provided by Cornerstone Capital of NY allowed the sponsor to complete the transaction within a record time of two weeks. The successful closing of the deal showcases the expertise and niche understanding of the bank. Russell Nova, one of the brokers involved, highlights the importance of knowing the process and niche of each bank in order to navigate the market successfully. Cornerstone Capital of NY's commitment and dedication to their clients ensures a seamless closing process. For further information, interested parties can contact @RussellNova at 917-559-1820 or [email protected], and @Alex_Nemy at 347-751-5232 or [email protected].

Contact Cornerstone Capital of NY to envision yourself at the closing table.