Bayport Funding Provides $7 Million Bridge Loan for Construction of New Ground-Up Multifamily Development in Brooklyn
GREAT NECK, NY - Bayport Funding, a leading direct portfolio lender for real estate investors, has delivered a $7.02 million bridge loan to support the ground-up construction of 1218-1222 Putnam Avenue in Bushwick, Brooklyn. Developed by 1222 Putnam Development Inc., this 21-unit, four-story multifamily building will help satisfy the continuing demand for high-quality rental housing in the rapidly appreciating Bushwick submarket. “Bushwick’s significant residential demand is...
Zhi Xiang Lin Marcia Kaufman Putnam Development Inc Smart Money Loan Program Bayport Funding Development Inc
Source: multifamilybiz.com