We Lend LLC Provides $5,492,982 Loan In Staten Island For Fix & Flip Project

A Construction loan was recently closed in Staten Island, NY, with a loan amount of $5,492,982, structured on a bridge loan type and set for an 18-month term. The deal involved a borrower who encountered a lower than expected valuation midway through the process.

Summary of transaction details:

• Property Type: Fix & Flip
• Transaction Amount: $5,492,982
• Lender: Edona Redzovic - We Lend LLC
• Loan Type: Bridge
• Loan Terms: 18 months
• Deal Highlights: Structured the loan around a lower than expected valuation, experienced borrower, and responsive broker

The transaction emphasized collaboration between the lender and borrower, showcasing the borrower's experience and the broker's engagement during the process. This teamwork facilitated a smooth transition from valuation challenges to closing.