Recent Transactions
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Jackson Heights, Queens NY
$1,800,000 Bridge Loan.
• Cash-out bridge loan.
• Only one week from signed term sheet to closing.
• 18,000SF cash-flowing retail property - W Financial's loan facilitated opportunistic purchase.
[Read More] |
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NYC Metro area
$2,500,000 Bridge Loan.
• Leasehold mortgage
• Well-located property with 30-year NNN lease -
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$1,400,000 Bridge Loan, Passaic, NJ
• Acquisition of defaulted first mortgage note.
• Three-story, 32-unit multi-family property.
• Buyers intend to make upgrades, increase rents and then refinance.
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$8,750,000 Bridge Loan, Meatpacking District, NYC
The Asset: Ground-floor retail condominium in Manhattan's Meatpacking District. The Opportunity: Owner can buy out purchase money mortgage at a significant discount if closed by year end. The Challenge: Timing - the deal must close in 3 days (in this case, by New Year's Eve). The solution: W Financial closed this deal before the Champagne started flowing.
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$2,700,000 First Mortgage Bridge Loan, Brooklyn
• Bridge loan on 3 multifamily properties in Greenpoint, Brooklyn. • The buildings have just been renocated and optimized for sale to an investor. • Our loan will refinance existing debt and provide liquidity for the completion of this and another project.
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$17,400,000 First Mortgage Bridge Loan, Brooklyn
Condominium inventory loan: • Blanket loan on 38 units in 100% complete 62-unit luxury condominium building. • 24 units already sold and occupied. • Our loan will pay off the construction loan and allow the developer to rent the remaining units, and then transition to conventional financing.
[Read More] [View Press Release] [View Ad published for this deal] |
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$6,750,000 Pre-Development Bridge Loan, West Chelsea, NYC
$6,750,000 pre-development bridge loan collateralized by various assets including three land parcels with over 42,000 SF of FAR in a prime West Chelsea location and...
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$2,200,000 Bridge Loan, Vero Beach, FL
W Financial has provided a $2,200,000 loan to enable the purchase of a defaulted first mortgage.
• Note Acquisition. • Unsold condo units. • One week from term sheet to closing.
[Read More] |
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$10,250,000 Pre-Development Bridge Loan, Union Sq. NYC
Development site acquisition: • Assemblage of various parcels including IAR (inclusionary air rights). • Our First Mortgage Bridge Loan will help the developer meet the 421A deadline. • 18-story mixed-use ground-up development. • To-be-built ~60,000SF mixed-use condominium.
[Read More] [View Press Release] [View Ad published for this deal] |
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$5,750,000 First Mortgage Bridge Loan, West Chelsea, NYC
W Financial has provided a $5,750,000 loan to enable the purchase of a defaulted first mortgage from a major investment bank on a prime commercial property in West Chelsea, NYC. The borrowers are seasoned real estate investors.
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$3,900,000 First Mortgage Bridge Loan, Palmetto Bay, Florida
W Financial rescued a Borrower's 1031 tax-free exchange with this rapid-close bridge loan. This leasehold mortgage loan on a brand-new triple net-leased Walgreens in Palmetto Bay, Florida went from first phone call to closing within 10 days.
[Read More] [View Ad published for this deal] |
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$5,000,000 First Mortgage Bridge Loan, Upper West Side, NYC
First Mortgage Bridge Loan for a 5-story, 9-unit building off Riverside Drive on Manhattan's Upper West Side. The loan will be repaid upon the subsequent closing of a construction loan. The property will be developed into a 16-story luxury condominium building.
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$10,000,000 Bridge Loan for a portfolio of properties including land, a gallery building and Highline Transferable Development Rights on West 21st and West 24th Streets in West Chelsea, NYC
W Financial has closed a $10,000,000 bridge loan collateralized by various assets which include a first mortgage on a West Chelsea Gallery building on West 21st and West 24th Streets.
[Read More] [View Press Release] [View Ad published for this deal] |
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$8,750,000 First Mortgage Construction Loan for the ground-up
development of 33 condominium units in Brooklyn, NY
W Financial successfully funded a $8,750,000 construction loan for the ground-up development of 33 condominium units and 17 parking spaces in Crown Heights, Brooklyn.
[Read More] [View Ad published for this deal] |
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Portfolio Of Properties - New York City And Upstate New York
$11,500,000 Bridge Loan | Term: 1 year
A blanket mortgage covering three adjacent Greenwich Village investment properties, two Chelsea penthouse apartments, a 14,000 sq. ft. Chelsea commercial building, and an estate on 200+ acres of land on the Hudson River in Upstate New York. [Read More] |
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$2,650,000 First Mortgage pre-development Bridge Loan for a motel
to condominium
conversion in Hampton Bays, Long Island
W Financial successfully funded a $2,650,000 first mortgage pre-development bridge loan for the conversion of a 64 unit motel to 30 luxury condominium units.
[Read More] [View Ad published for this deal] |
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$2,000,000 First Mortgage Loan for a commercial townhouse in West 12th Street in Greenwich Village, NY
A world-esteemed non-profit foundation was provided with a $2,000,000 first mortgage loan collateralized by a free-and-clear Greenwich Village townhouse with a value of more than 3 times the loan amount.
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$2,000,000 First Mortgage Bridge Loan for 2 contiguous development sites in the East Village, NY
A $2,000,000 first mortgage bridge loan was successfully closed by W Financial, for two development sites in the East Village, with a Long Island waterfront home serving as collateral, among others.
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$1,000,000 participation in First Mortgage Loan for construction and development of 2 condominium properties in Brooklyn, NY
W Financial closed a $1,000,000 participation in a first mortgage loan for the construction of two 4-story buildings in Brooklyn. [Read More] |
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Grand Street, NYC / Office Building with Retail
$2,100,000 Acquisition Bridge Loan | Term: 12 months
W Financial recently closed a $2,100,000 bridge loan in only 10 days from the initial offer for the acquisition of a commercial (office and retail) property on Manhattan's Lower East Side. [Read More] |
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Williamsburg, Brooklyn - Bridge Loan for Condo Development Site
$500,000 First Mortgage Loan | Term: 1 year
This is a $500,000 first mortgage/bridge loan on a fully entitled building parcel in Williamsburg, Brooklyn. Approved building plans are now in place for a 9-story condominium building which will have excellent city views, artist studios and parking. [Read More] |
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Park Avenue Townhouse Conversion
$4,025,000 First Mortgage Loan | Term: 18 months
The owner of this prime Park Avenue 8-unit townhouse purchased the building in 2000 with a goal of vacating the tenants, changing the Certificate of Occupancy and then re-selling as a single-family home at a significant premium. [Read More] |
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Upper East Side Multifamily Townhouse being converted to Single-Family
$2,600,000 First Mortgage Loan | Term: 1 year
The Borrower, a very successful owner of a construction company, acquired this property for $3,737,500 and will immediately renovate and convert it to a single-family residence. Single-family town homes in Manhattan are in short supply and tend to sell at a premium compared to multi-unit townhouses.
[Read More] |
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Industrial Property - Red Hook, Brooklyn, NY
$1,025,000 First Mortgage Loan | Term: 18 months
Partially owner-occupied 22,500 sq. ft. one-story industrial building in Red Hook, Brooklyn. Owner occupies 8,600 sq. ft., runs a contracting / woodworking business and has 2 tenants, 1 with 7,500 sq. ft. paying $52,800 per year and the other with 6,400 sq. ft. paying $37,800 per year. [Read More] |
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Restaurant/Lounge - Sag Harbor, Long Island, NY
$1,100,000 First Mortgage Loan | Term: 1 year
11,000 sq. ft. mixed-use property (primarily an 8,000 sq. ft. restaurant/lounge) facing the marina front in Sag Harbor, Long Island. [Read More] |
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Historic Brownstone Renovation - West 132nd Street, Harlem, NYC
$500,000 First Mortgage Loan | Term: 1 year
An acquisition/construction loan for two active real estate investors who were fortunate to purchase this already partially renovated 3,932 sq. ft. Harlem Brownstone from an estate. [Read More] |
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