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06-25-2020, 09:53 PM #1
- Join Date
- Apr 2017
- Posts
- 127
Waterfront Restaurant / Club Venue NY $1m bridge loan for construction
They are looking to complete construction on their facility, which will allow them to hold more events and increase revenue. Current revenue is $2m /yr. Only open during summer season. Construction will allow them to remain open year round.
The total sq. ft. of the lot is 36,610
The sq. ft. of the current structure on the property is 3,914
The sq. ft. of the completed new structure will be 15,250
Current “As Is” Value: $2,950,000
After Completion Appraised Value: $8,400,000
Please reach out if you are a direct lender, and this is a property you are interested in.
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