LendIQ Provides $1.3 Million Bridge Loan For SFR In Atlantic Beach With Landlord Uriel Dostov

The asset involved in this transaction is a single-family residence (SFR) located in East Atlantic Beach, New York, with a total square footage of 3,273. The loan amount for this property is $1,312,000 with a bridge loan for a duration of 12 months.

Summary of transation details:

• Property Type: SFR
• Transaction Amount: $1,312,000
• Lender: Nazar Nazarov - LENDIQ
• Landlord: Uriel Dostov - Argentum Management Group
• Loan Type: Bridge
• Loan Terms: 12 Months
• Market: East Atlantic Beach
• LTC Percentage: 87.5%
• Construction Loan Coverage: 100%

Nazar Nazarov, representing LENDIQ, facilitated the bridge loan, demonstrating LendIQ's dedication to supporting acquisitions in various asset classes during uncertain market conditions. Uriel Dostov, as the landlord, is associated with Argentum Management Group, highlighting the involvement of experienced operators in the transaction.