Recent Transactions
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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.
[Read More] [View Ad published for this deal] |
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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.
[Read More] [View Ad published for this deal] |
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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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$4,297,779 Mezzanine Loan for a new Tribeca condominium in
conjunction with a $20,000,000 first mortgage construction loan
W Financial successfully funded a $4,297,779 mezzanine loan for a new Tribeca condominium in conjunction with a $20,000,000 first mortgage construction loan.
[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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$3,000,000 Mezzanine Loan for the construction of an
Upper East Side, Manhattan condominium building
W Financial successfully funded a $3,000,000 mezzanine loan subordinate to a $19,000,000 construction loan for the transformation of a garage to a luxury residential loft condominium building on Manhattan's Upper East Side.
[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.
[Read More] [View Ad published for this deal] |
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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.
[Read More] [View Ad published for this deal] |
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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.
[Read More] [View Ad published for this deal] |
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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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$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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$1,000,000 participation in a Second Mortgage Bridge Loan for five contiguous development sites in downtown Brooklyn, NY
W Financial closed a $1,000,000 participation in a Second Mortgage Bridge Loan for 5 sites several blocks from the Manhattan bridge for a highly respected developer. [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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New Rochelle, NY, New Townhome / Condominium Development
$1,700,000 Mezzanine Loan as part of Construction/Mezzanine combination totaling $9,100,000
W Financial has completed a $1,700,000 mezzanine loan behind a $7,400,000 first mortgage construction loan for the development of 22 townhome/condominiums in New Rochelle, NY. [Read More] |
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Upstate NY, 156-acre Master-Planned Development
$2,000,000 Mezzanine Loan | Term: 18 months
$2 million mezzanine loan on a 156-acre development site in Poughkeepsie, NY that includes a 405,000 sq. ft. Historic Landmark Building. [Read More] |
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Williamsburgh, 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 Williamsburgh, 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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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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