Equity

Washington, DC

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Equity

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Spectacular transformation of this historic colonial located in the North Cleveland Park Section of DC. Dramatic open floor plan featuring over 6,000 SF of living space with six (6) bedrooms and 6 baths.  

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This project is on the market as of July 2016 and over 150 potential buyers visited the open house to view the property.

Union City, NJ

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Debt

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NY Urban capitalized the borrower with a second mortgage and a pledge of the borrower's equity.  

The proceeds that NY Urban advanced were used by the borrower to complete the construction on this property as well an another property is Jersey City

Brush Island, CT

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Mezzanine

NY Urban provided to the borrower $1,500,000 in mezzanine capital in November of 2013.  The proceeds were used for the land acquisition and subdivision of the property into two lots. When completed the borrower would construct a new house and renovate the existing house.  The new house was sold in January of 2016 for $5,700,000