Acquisition Bridge Loan - Manhattan, NY
Transaction Details
- Project Type: Multifamily Walk-Up
- Loan Amount: $2,150,000
- LTV: 60%
- LTC: 80% of Cost / 60% of ARV
- Term: 18 Months
- Rate: 9.99%
- Guaranty: Non-Recourse
- Structure: Fixed Rate, Non Recourse
- Closed: Q3 2025
- Location: Manhattan, NY
- Arranged By: Adam Dreyfuss and Tomer Sheelo
Transaction Overview
FOCAL arranged a $2.15 million acquisition bridge loan for an 8-unit multifamily property in Manhattan, New York. The financing was arranged by Adam Dreyfuss and Tomer Sheelo of FOCAL, a Beverly Hills-based commercial real estate debt and equity advisory firm arranging financing nationwide.
The sponsor was under contract to acquire the property with plans to convert it into a luxury townhome, but faced a compressed 10-day closing timeline. FOCAL sourced a local lender capable of meeting the deadline and structured the financing to maximize proceeds while preserving flexibility for the sponsor's redevelopment plan.
As part of the transaction, FOCAL negotiated for a substantial assignment fee on the purchase contract to be included in the lender's basis for LTC and LTV purposes, increasing the amount of leverage available to the borrower.
The resulting $2.15 million, 18-month non-recourse bridge loan closed on schedule at approximately 60% LTV with a fixed interest rate, allowing the sponsor to complete the acquisition and move forward with the planned conversion.
About FOCAL Advisory
At FOCAL, we are dedicated to empowering our clients through comprehensive real estate advisory services tailored to meet the complexities of today's market. We specialize in market analysis, due diligence, asset management, transaction support, and innovative financing solutions, so that each investment decision is strategic, data-driven, and aligned with our clients' long-term goals.
Every real estate project carries its own unique financing requirements. Our tailored financing solutions provide flexible, efficient, and strategic funding options aligned with the specific needs of each investment - drawing on a broad spectrum of capital sources, from institutional funds and CMBS to agencies, local banks, and private money lenders, on transactions nationwide.
Contact the capital markets team - Adam Dreyfuss (DRE 02243085, adam@focalinvest.com) and Tomer Sheelo (DRE 02144916, tomer@focalinvest.com) · (310) 929-6959 · 150 S Rodeo Drive, Suite 100, Beverly Hills, CA 90212.
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