New York CityNew York City

First Mortgage – Delancey Street, New York, New York

A first mortgage of $350,000 was provided for a commercial property on Delancey Street in the Lower East side of Manhattan.   Located near the corner of  Pitt Street, the property consists of  a 1 story garage building that is owner occupied and has been operated by the same family for more than 30 years.  The term of the loan is for 2 years.