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Brokerage
Posted: October 20, 2020
Carswell of Largo secures $2.58 million
North Bergen, NJ Dave Carswell, managing director for Largo Capital, provided financing for a 7,800 s/f mixed-use property. Carswell was able to secure a $1 million bridge loan for 18 months interest only and close the transaction within three weeks.
Additionally, Carswell secured two loans totaling $1.58 million for an investor of residential condo units in Manhattan and the Hudson Valley. The 75% leveraged transaction featured a long term fixed rate with a 30-year amortization. The lender locked rate at application with this niche program for small balance investment properties in the NY-metro area.
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