BFG recently funded a $1.15M loan to a new client for the purchase and rehab of a co-op property in Manhattan, NY. After being referred to us by one of our business partners, our client trusted our fast, efficient and informative process to get their loan funded! This client is also a licensed contractor with much experience.

The Property

  • Located in New York, NY
  • Single Family Co-op
  • 2 Bedrooms, 2 Bathrooms

The Loan

  • Loan Type: Fix & Flip
  • Loan Amount: $1,150,000
  • LTC: 70%
  • Interest Rate: 12%
  • Length of Loan: 6 months
  • Exit Strategy: Sale