![](https://nyrej.com/img/stories/new/2024/08-27-2024/NY ROP/Cohen_Peter-Re_fined.jpg)
Brooklyn, NY Peter Cohen of Refined closed three loan transactions.
These deals consisted of ground-up construction, an acquisition bridge loan and a partner buyout.
• Condo construction - 65% LTV, 14-unit condo construction completion, terms: SOFR + 650, 1.75% fee, 24-month term
• Acquisition bridge loan - The borrower was in contract on a sale and needed to close in 48 hours. Cohen found a lender who closed in 24 hours upon a signed term sheet and deposit.
• Partner buyout - The borrower owned a percentage share in a property. In order to take full ownership, the borrower was looking for a bridge loan in order to buy out the other partners. This loan was collateralized by a two-family in Bedford–Stuyvesant.