Urban Haven Corp. Acquires Package Deal In New Haven, CT With $2.8M Loan From Silverhill Funding
30 & 48 Henry Street, 171 Olive, 224 West Rock, 254 Orchard, 309 Norton & 171 Blake Street
Summary
Urban Haven Corp., owned by Avi Meer, has secured a $2,775,000 loan from Silverhill Funding for a package deal involving multiple properties in New Haven, CT. The properties included in the package deal are located at 30 & 48 Henry St., 171 Olive, 224 West Rock, 254 Orchard, 309 Norton, and 171 Blake St. The loan terms include an 80% loan-to-value (LTV) cash out, with a fixed interest rate of 4% for 30 years. The loan also offers flexible prepayment options and does not require tax returns.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $2,775,000
- Lender: Silverhill Funding
- Landlord: Urban Haven Corp. - Avi Meer
- Brokers: Abe Mann & Evan Boles - Progress Capital
Abe Mann and Evan Boles from Progress Capital represented the buyer, Urban Haven Corp., in this package deal. The transaction involved multiple properties with a combined loan amount of $2,775,000. The loan terms provided by Silverhill Funding allowed for an 80% cash out with a fixed interest rate of 4% for 30 years. The deal also offered flexible prepayment options and did not require tax returns.
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