Eric Malka & Dennis Mihalatos Provide $3M Bridge Loan For Southampton Development

94 Pelletreau Street is a single-family residence located in Southampton, NY, encompassing 4,000 square feet. The property is notable for its potential suitability for new development projects in the market. The bridge loan of $3,000,000 supports this growth in the area.

Summary of transaction details:

• Property Type: Single Family Residence
• Transaction Amount: $3,000,000
• Lender: Eric Malka & Dennis Mihalatos - Mission Real Estate Funding
• Landlord: John Browne
• Loan Type: Bridge
• Loan Terms: 18-month Bridge loan for new development

Eric Malka and Dennis Mihalatos served as the representatives for Mission Real Estate Funding in this transaction, facilitating the bridge loan for John Browne, the landlord involved in the deal. Their role was crucial in enabling financing for future enhancements and developments associated with the property.