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Brokerage
Posted: July 30, 2024
Cohen closes 14-unit ground up construction
Ridgewood, NY According to Refined, Peter Cohen closed a 14-unit ground up condo construction loan. The transaction featured a 65% LTV, SOFR + 650, 1.75% for a 24-month term.
Cohen closed on 2 separate transactions last week featuring a partner buyout on a 2-Fam in Prime Bed-Stuy Brooklyn, NY, and an acquisition loan that closed in 24 hours.
Refined is continuing to arrange financings for ground up construction, permanent bank mortgages, bridge loans and foreclosure bailouts.
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