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Single Family Investment Property
Acquisition & Renovation
Brooklyn, NY (
$898,000)
Advest Financial recently announced that its private lending fund, the Advest Short Duration Real Estate Fund I, has provided an $898,000 loan in Brooklyn, NY.
The twelve-month project is a whole house renovation and has an ARV of $2,100,000. Advest was able to quickly step in when the real estate investor's original source of funds fell through. The scope of work for this 1,250 square foot house is extensive and includes a full gut of the kitchen and bathroom. The investor is from the area and is intimately familiar with the neighborhood..