Upper East Side Brownstone Renovation
Manhattan, New York
Last year Manhattan was home to six of the top ten zip codes in the United States by median housing price. This property was a short sale in need of a big renovation and fast close and therefore conventional financing was not an option. We Lend Money™ financed the purchase and renovation of this three-story brownstone in Manhattan.
The borrower was able to leverage additional equity in another property to cross-collateralize and obtain funding for the renovation as well. The borrower plan to live in this property while renovating and sell once the Renovations are completed and repeat the process. Apply for your own Renovation Loan here.