Smart Money Loan Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

NEW YORK, NY - Bayport Funding, a leading direct portfolio lender for real estate investors, has provided a $7.75 million bridge loan to support the refinancing of a mixed-use property in Boerum Hill. Located on Atlantic Avenue, this four-family apartment will include ground-floor retail and stand at six stories tall. It also offers 15-foot ceilings, a 2,000-square foot ground floor, and proximity to several convenient public transportation options. Brooklyn has remained one of New...

NASSAU COUNTY, NY - Bayport Funding, a leading direct portfolio lender for real estate investors, has provided a $3.2 million acquisition and mid-construction loan for the ground up development of 1104 Hempstead Avenue, a property in Malverne, Long Island. Located on a 38,320-square-foot plot, this prime property will stand at three-and-a-half stories upon completion and offer off-street parking spaces. The property stands along the edge of the Malverne village border, located in the town of...

NEW YORK, NY - Bayport Funding, a leading direct bridge lender for real estate investors, has provided a $4 million acquisition and construction loan for the development of a four-story mixed-use building in Ozone Park, Queens. The property will comprise nearly 10,000 square feet, approximately 8,600 of which will be designated as residential space, with the remaining 1,400 as retail. Upon completion, the 47-foot-tall rental property will feature 12 units, parking spaces for residents, and a...

NEW YORK, NY - Bayport Funding, a leading direct bridge lender for real estate investors, has provided a $3.35 million acquisition and construction loan for the single-family conversion of a multifamily brownstone in Boerum Hill, Brooklyn. The three-story, approximately 2,576 square-foot property was built in 1899 and comprises four bedrooms and three bathrooms. “Brooklyn’s multifamily market is performing well by the numbers year-over-year, which is aligned with the consistent...

NEW YORK, NY - Bayport Funding, a leading direct bridge lender for real estate investors, has provided a $1.78 million acquisition and construction loan for a two-story, 2,555-square-foot single family townhouse in Crown Heights, Brooklyn. The developer is in the process of renovating and expanding this 1906-built home to meet the demand for single family homes in one of Brooklyn’s most popular neighborhoods. “New York’s multifamily market saw a significant quarterly...