Park 49 provided acquisition financing for a 16 unit multi family property in Newark, New Jersey. The borrower is a previous client who has financed several of his properties though the firm. Property Details The property is a 6 story building with 18,000 plus square feet of living space. He will renovate the exterior of
Park 49 recently completed the financing of a storage facility acquisition and conversion located in the Chicago area. Property Details Single retail structure with additional buildable square footage. Loan Details Our client was seeking secondary financing for the purchase of a vacant “Big Box” retail property and subsequent conversion to a self-storage facility. We facilitated
Park 49 provided financing for a parcel of development land located in Southampton, NY. The borrower is a Long Island based investor who intends on building a single family property. Property Details The parcel sits on half an acre and can accommodate a 4500 square foot home. Loan Details The borrower plans on building a
Park 49 recently completed the refinancing of a farm located in Southern New Jersey. Property Details The property is located on 25 acres of land with incredible agriculture expansion opportunity. Loan Details Due to the Covid-19 lockdown, the borrower was unable to obtain traditional financing for his property. Park 49 was able to provide quick
Park 49 was retained to advise in the restructuring of a commercial real estate loan on a multi-family property in the city of Los Angeles. The borrower is a property owner with multiple assets throughout the Miracle Mile section of the city. He utilized the proceeds of the new loan to payoff his existing balance
