Silo Financial funds $2.55 million first mortgage

Silo Financial Corp., a private equity company specializing in small to mid-market real estate lending, recently funded a $2.55 million senior secured first mortgage for the acquisition and rehabilitation of two single-family homes. A 1,898 s/f property in the town's Riverside area is to be expanded into a 4,400 s/f, five-bedroom home and a 2,184 s/f home in Old Greenwich to be reconfigured, updated and expanded with the addition of a fifth bedroom. The borrower is a commercial and residential real estate developer.