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Putnam Avenue, Bushwick. Brooklyn
1104 Putnam Avenue, Brooklyn, New York
Gross Offering
$240,000 USD
Number of Units
5
Available Units
0.00
Average Cost per Unit
$48,000 USD
Average Annual Yield
16.00%
Maturity
48 months
No time left
Link
Offering short link
Raise Details
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Gross Offering$240,000 USD
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Available Units0.00
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Minimum Investment$24,000 USD
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Maximum Investment$240,000 USD
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Open DateAug 01,2018
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Closing DateAug 31,2018
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Investment TypePreferred Equity
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Maturity48 months
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Real Estate UseResidential
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Maturity End DateSep 14,2022
Type
| Type | Number of Units | Available Units | Cost per Unit | Gross Offering | Annual Yield | Term |
|---|---|---|---|---|---|---|
| Preferred Equity | 5.00 | 0.00 | $48,000.00 USD | $240,000.00 USD | 16.00% | 48 months |
| Totals | 5.00 | 0.00 | $240,000.00 USD |
Executive Summary
Four Arrow Funding, Inc. (the “Lender” or “FAF”), an affiliate of Chesterfield Faring, Ltd. (“CFL”), is syndicating a $240,000 Preferred Equity Bridge Loan (the “Loan”) to Putnam Property Holding Company LLC (the “Borrower”) for the acquisition of 1104 Putnam Avenue, Brooklyn, NY 11221 (the “Property”), a three (3) family house. The Property is located in the Bushwick area of Brooklyn, one of the fastest growing markets in NYC.
Highlights
- Fix and Flip
- Risk mitigated
- Bridge Loan
- Prime Location
Comments
- There are no Comments for this Offering.