Bayport Funding Provides $7.02M Bridge Loan For Bushwick Multifamily Acquisition

A bridge loan in the amount of $7,020,000 was secured for the multifamily property located at 1218-1222 Putnam Avenue in Bushwick, Brooklyn. The property consists of 21 units and is situated in a prime market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,020,000
• Units: 21
• Lender: Bayport Funding - Marcia Kaufman
• Loan Type: Bridge loan

Marcia Kaufman from Bayport Funding facilitated the loan for this transaction. The bridge loan will provide the necessary financing for the property acquisition or renovation.