Luxury Condominiums continue to rise in "Trendy" Williamsburg.
Multi Capital Group, a national real estate finance company, has arranged a $6,000,000 construction loan in Brooklyn NY. The two-properties located in the trendy North Williamsburg section of Brooklyn NY, consist of a vacant parcel of land and a 5 story building.
Brooklyn, NY (PRWEB) July 22, 2004 -- Multi Capital Group, a national real estate finance company, has arranged a $6,000,000 construction loan in Brooklyn NY.
The two-properties located in the trendy North Williamsburg section of Brooklyn NY, consist of a vacant parcel of land and a 5 story building. The land will consist of a six story luxury condo building with one unit per floor. The existing building will be converted into luxury condominiums as well.
Amenities and upscale finishes have been carefully designed, and include hard wood floors, stylish kitchens, granite counter tops, and state of the art appliances, pre wired for high speed internet access, stylish baths, and a video intercom system.
Area comps are currently between $550.00 and $800.00 PSF.Units are anticipated to be sold at $550.00 - $800.00 PSF.
New Yorks Metropolitan National Bank provided the 18 month loan. A local developer is building the projects.
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About Multi Capital Group LLC
Multi Capital Group, Inc. (www.Multigroups.com) is a nationwide finance company specializing in the full spectrum of real estate financing. Multi Capital Group is known for its expertise in arranging Senior Debt, Mezzanine, and Equity for Development Deals. With its financing experts originating from the real estate development arena, Multi has the expertise needed to syndicate these transactions. Multi Capital Group provides a service that is unmatched in efficiency, speed, and thoroughness. Multi currently has over $600,000,000 in development deals in the pipeline.
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