Jonathan Daniel, owner and principal of Silo Financial, closed a $2.7 million loan for a 3,000 s/f co-op located at 3 East 69th St. The borrower in this deal required a short fuse cash-out refinance in order to capitalize on a business opportunity. Silo was able to close out the stated cash-out refinance loan in seven business days to meet the needs of the borrower.
Manhattan, NY M&T Realty Capital Corp. closed a $141.4 million bridge loan for Anagram Turtle Bay, a newly constructed 194-unit multifamily community located at 300 East 50th St. in the