Titan Capital provides $16.25 million in financing

Manhattan, NY Titan Capital facilitated the following loans totaling $16.25 million: • Titan Capital was contacted by a property owner who was looking to refinance a maturing loan on a three-story brick townhouse located at 53 Jane St. in the West Village neighborhood of the borough. Since the existing loan was nearing maturity, the borrower reached out to Titan Capital in order to refinance the loan in less than 10 days. Titan Capital was able to underwrite and fund the $6.25 million loan within the required time frame. • Titan Capital ID, LLC was approached by an experienced developer who was in contract to purchase a large development site along with adjacent air rights, located at 90-75 Sutphin Blvd. in Jamaica. The subject property is a 17,400 s/f “through” lot that allows a total of 104,000 square feet of buildable space. With the purchase of the air rights from the adjacent property, the developer has the right to build a total of 179,000 s/f of mixed-use space. Faced with an approaching ‘Time Of the Essence’ deadline, the developer turned to Titan Capital in order to provide $10 million towards the acquisition price. Titan Capital was able to provide the funds in time to meet the tight deadline.