Paradigm refinances $47 million in loans for 25 retail properties

Bronx, NY Paradigm Commercial Real Estate LLC has completed a $47 million refinance package of 25 retail buildings located throughout the Bronx and Westchester Counties.

Although all the 25 buildings are occupied by mom and pop shops, and mostly with short-term leases, the client, a private family office, received these loans on a fully non-recourse basis, and at 70% loan-to-value.  

The significant cash-out will allow the client to expand their portfolio, currently standing at 100 properties, exponentially,

These loans closed within 45 days from application.