BEB Lending Offers $9M for FiDi Mixed-Use Property Acquisition

BEB Lending Offers $9M for FiDi Mixed-Use Property Acquisition

BEB Lending, the finance platform of BEB Capital, has provided a $9 million, 12-month acquisition bridge loan to Orsipel V LLC for the purchase of a mixed-use property at 53 and 55 Stone St in Lower Manhattan’s Financial District. The 5-story building constructed in 1900 features seven residential units and two restaurant tenants – Revolution Taco and Underdog.

This loan transaction marks the first loan originated by BEB Credit Opportunity Fund – an extension of BEB Lending that offers financing solutions for commercial real estate assets across primary and secondary markets in US with loans up to $50 million targeting cap of $150 million with projected gross returns between thirteen to fifteen percent.  Sean Silverbrook represented BEB Lending internally during this transaction.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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