According to Paradigm Commercial Real Estate, it has completed the closing of $86.619 million in loans in the tri-state area:
* On Orchard St. a mix-used building, comprising 16 residential units and one retail space will benefit from a $4.1 million loan.
* On Ave. C, a mix-used building comprised of 22 residential units and two stores, will benefit from a $4.6 million loan.
* On Ave. A, a mix-used buildingcomprising17 residential unit and two stores, will benefit from a $3.975 million loan.
* On West 47th St., a 10 unit multifamily building will benefit from a $2.250 million.
* In Brooklyn, two retail properties will benefit of from cash out loan in the amount of $4.7 million.
* In Brooklyn on Clarkson Ave. and Winthrop St., a total of 40 residential units and two stores will benefit from a $3.325 million loan.
* In Brooklyn on Linden Blvd., a 40 unit multifamily building will benefit from a $2.6 million loan.
* In Brooklyn, on Warren St., a 29 unit multifamily building will benefit from a $8.5 million loan.
* Also in Brooklyn, a fractured condo building comprised of 57 units will benefit from a $13.75 million loan.
* In Bronx, on Metropolitan Ave. and Westchester Ave., two one-story store buildings comprising a total of 11 retail spaces, will benefit from a $6.1 million loan.
* In Bronx, on University Ave., an 18 unit multifamily building will benefit from a $1.125 million loan.
* Also in the Bronx, on East 152nd St., a mixed use building comprising 43 residential units and four stores will benefit from a $2.662 million loan.
* In Queens, a 60 unit multifamily building will benefit from a $4.425 million loan.
* In Linden, N.J., on East Elm St., a 42 unit multifamily building will benefit from a $1.804 million loan.
* In New Jersey , a skilled nursing home leased to an unrelated operator, will benefit from a cash-out, nonrecourse loan, in the amount of $5.5 million.
* In Scranton, Pa., a 206 unit multifamily building, subject to a HAD/ HAP contract, will benefit from a $6.2 million loan.
* In Hazelton, Pa., a 175 unit multifamily complex, also subject a HAD / HAP contract will benefit from a $6.8 million loan.
* In Wilkes Bare, Pa., a mixed used building comprising 150 units and 1 commercial unit, also subject a HAD / HAP contract will benefit from a $4.2 million loan. Tags: