Mixed-Use Property Loan Closed: $590,000 Conventional Acquisition
Liberty SBF provided a $589,856 Conventional loan for the acquisition of a mixed-use property located in Brooklyn, NY. The appraised value of the property resulted in a Liberty 1st lien LTV of 51.7%. The Property is a 2,470 SF, two-story industrial/office property in Brooklyn. The first floor of the Property is industrial space and the second floor is office space. The Property is zoned and functional for warehousing, manufacturing, retail, and office uses.
The borrower will fully occupy the property. The company manages its client’s construction process from beginning to end, ensuring both quality and compliance.