Flatiron Realty Capital Provides $1.5M Bridge Loan For Ocean Hill Multifamily
86 macdougal st, brooklyn, ny
MultiFamily
5,250 SF
5,250 SF
Summary
The property at 86 Macdougal Street in Ocean Hill, Brooklyn has been involved in a loan transaction. The landlord, Sahel Khan, secured a $1,500,000 bridge loan from Flatiron Realty Capital for the acquisition and development of the multifamily property. Despite market volatility and limited liquidity, the in-house capital and portfolio loan program of Flatiron Realty Capital allowed for the financing of this mid-construction build.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Lender: Flatiron Realty Capital
- Landlord: Sahel Khan
- Loan Type: Bridge
- Loan Terms: Acquisition & Development
Flatiron Realty Capital, a direct private lender, provided the 12-month acquisition and construction loan for the property. For assistance in financing your next project, you can reach out to Seena Talas at [email protected] or Zakary Fouladi at [email protected].
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86 macdougal st, brooklyn, ny
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