Purchase Loan Amount: $2,400,000.00
Funded Loan Description
More Information
Why: Bail Out Default
Our Role: Credit Line Facility Provide
Old Bridge Capital acted as Credit Line Facility Provider for a NYC based Direct Lender on a Cash-Out Refinance Loan in the amount of $2,400,000. The loan is secured by a 1 Family Property Located in Great Neck, NY. The borrower needed a bail-out from existing defaulted outstanding debt.