
Brooklyn, NY According to Leviathan Capital, Peter Cohen has successfully arranged a $1.275 million bridge loan secured by a 4-family property in Borough Park.
Loan proceeds were used to facilitate a partner buyout, satisfy a tax lien, fund an interest reserve, and provide cash-out proceeds to the borrower.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,