
February 23, 2015 -
New York City
Unity Capital has completed two loans totaling $8.188 million. The deals include:
* A $7.638 million purchase money loan secured by two contiguous townhomes located on Manhattan's Upper West Side. The borrower was seeking a fast and reliable loan in order to purchase this unique asset prior to a time of the essence closing date.
* A $550,000 cash-out refinance of a nine-unit multifamily property in the University Heights section of the Bronx. The borrower was seeking a fast and efficient means of accessing the equity in this asset in order to take advantage of a time sensitive business opportunity.