We are excited to share the details of Green Sage Capital’s recent closing!
Closing Snapshot: Purchase of an Iconic Townhouse located in Greenwich Village, Manhattan, New York
- 2,000,000 Loan Amount
- 54% LTC
- 1st Mortgage Lien on Real Property / Personal Guaranty of Sponsor
- 24 Month Term with up to two 12-month extension options
- 30 Day AMERIBOR (AMBOR30T) + 5.59%, with a floor rate of 10.25% adjustable monthly
- No prepayment Penalty
- No Minimum Interest Period
The borrower was able to purchase this iconic Townhouse in Greenwich Village Manhattan, NY on an extended bridge loan giving him time to rehab the property to its fullest and highest use increasing its overall value. This value add rehab will ultimately allow the borrower to see higher rental income or final sale amount.
Call Us: We’re here! So give us a call if you have a similar scenario that you’d like to run by us. We’d love the opportunity to structure the right financing for you and your business.
Get To Know Us: We’d love for you to get to know us better. Head over and meet our Executive Team here.
