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Manufacturing Facility | New Jersey
Northeast Bank provided 70% leverage to a New York based lender, secured with their $3 million loan on a manufacturing facility in New Jersey. The Lender was seeking enhanced equity yield on their investment. The underlying borrower needed financing to satisfy maturing debt, make property improvements, and stabilize third-party tenant base. We closed this transaction in less than four weeks from start to finish. This financing generated a substantial increase in equity return for the Lender.
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Our team of real estate lending experts partner with borrowers and brokers nationwide, providing personal service with fast and efficient financing. Northeast Bank is dedicated to helping you navigate the loan process from start to finish.
Please call 833.249.9198 or inquire here and someone from our CRE Lending Team will contact you shortly.