Second Mortgage Loans
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$1,200,000 Second Mortgage Loan for a successful Shinnecock Bay waterfront property on Long Island, NY
W Financial has placed a $1,200,000 second mortgage loan on a seasonally-operated restaurant/marina waterfront property in the Hamptons, with the value of the land equivalent to twice the total debt.
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$660,000 Second Mortgage Loan for mixed-use properties on Old Fulton Street, Brooklyn, NY
A $660,000 second mortgage loan was successfully financed to help a developer rezone the upper floors of 3 contiguous properties just south of the Brooklyn bridge. [Read More] |
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Condominium conversion - West 20th Street, Chelsea, NYC
$625,000 Second Mortgage Loan | Term: 1 year
This was originally structured as a second mortgage that was placed on a 9-unit rental property being converted to a condominium. [Read More] |
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Golf Course construction - Connecticut
$350,000 Second Mortgage Loan | Term: six months
The Fund has a second mortgage on a 377-acre, nearly completed, Tom Fazio-designed golf course in northwest Connecticut. The Fund is also secured by a first mortgage on an additional 13.5-acre parcel. [Read More] |
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