In the vibrant city of Newburgh, NY, a successful real estate transaction was closed on July 5, 2023. This transaction involved a substantial loan amount of $367,000, representing 80% of the property’s value.
KEY LOAN DETAILS
Loan Term: The financing arrangement boasts a 12-month term, providing flexibility for the borrower.
Loan Type: This represents a Purchase Bridge Loan, a versatile financial tool often used in real estate acquisitions.
Property Type: The property in question falls within the Multifamily category, aligning with diverse investment strategies.
This transaction highlights the dynamic nature of the real estate market in Newburgh, NY, and underscores the importance of flexible financing solutions to seize valuable investment opportunities.
