Prime Commercial Real Estate in Brooklyn facing Foreclosure

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Prime Commercial Real Estate in Brooklyn facing Foreclosure

Member since 2023 · 3 posts · 1 vote

I have a client currently facing foreclosure who needs $400,000 to save his property. I am the mortgage broker on this deal. The property is in a prime location in Brooklyn NY. The client plans to make some major renovations and wants to build a new building where they currently have a parking lot. They would be open to bringing you on the bigger deal as a JV(Joint Venture) which could make you both millions of dollars. I currently have them approved with a lender.

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  • Member since 2023 · 3 posts · 1 vote
    2y

    Currently appraised for $2,000,000 without renovation

  • Real Estate Consultant · West Palm Beach, FL · Member since 2022 · 40 posts · 11 votes
    2y
    Quote from @Bernard Savage:

    I have a client currently facing foreclosure who needs $400,000 to save his property. I am the mortgage broker on this deal. The property is in a prime location in Brooklyn NY. The client plans to make some major renovations and wants to build a new building where they currently have a parking lot. They would be open to bringing you on the bigger deal as a JV(Joint Venture) which could make you both millions of dollars. I currently have them approved with a lender.


    So you're not looking for a $400,000 loan, your looking for a JV partner? If it is a loan that's needed, I'd be happy to take a look. Feel free to reach out!

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