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...
Source: multifamilybiz.com