Recent Transactions
Multifamily Cash out
Yonkers, NY | $8,602,000
DBTF arranged a first position mortgage with substantial cash out proceeds on a 52 unit building in Yonkers, NY
Tax Relief
Nassau, NY | $1,000,000
DBTF provided funding to a business owner on three properties in Nassau county to provide the business owner liquidity needed to pay open taxes on the business due to the COVID pandemic.
Owner Occupied
Hartford, CT
$400,000
DBTF provided funding for an owner occupied cabinet business. The owner was in need of short term funding for his business growth. DBTF provided the capital needed in taking a first position mortgage in the business 40K + warehouse and showroom located in Hartford, CT
Development site Acquisition
Jamaica, NY
$600,000
DBTF provided financing for the acquisition of an development site in Jamaica NY. The site has 25K + SQ of development rights. The purchaser was in a hard contract and had to close in a timely manner to acquire the site from an estate sale at a favorable price. DBTF was able to accommodate the purchasers and close with in weeks of issuing a term sheet.
Construction Loan
Woodside, NY
$2,400,000
DBTF provided construction financing for a stalled project in Woodside NY. The developer was seeking funds to move his 12 unit mix use project forward. DBTF provided capital needed to finish the project with an estimated completion date of January 2022.
Construction Bridge Loan
Hollis, NY | $3,352,000
DBTF provided funding for a 90% complete 15 unit multifamily project. The borrower at the time was in default with his current lender and needed additional funds to complete the project. DBTF saw a unique opportunity to provide capital to get the project to completion.
Secondary Financing
Bronx, NY| $1,200,000
DBTF provided a second position mortgage on a 31 unit mix use property in the Bronx. The owner needed quick liquidity for another investment opportunity
Post Construction
Suffolk, NY | $9,800,000
DBTF arranged post construction bridge to perm financing for a developer who was finishing up phase 1 of his retail development.
Working Capital
Williamsburg | $2,000,000
DBTF provide working capital for a concrete business in Brooklyn, NY. DBTF took a first position mortgage in the property to provide financing.
Development site
Astoria, NY
$3,500,000
DBTF provided funding for a joint venture development site. This site is to be redeveloped into a new 12 story mix use property contains 40 apartments and retail space on the ground floor.
Bridge Financing
New City, NY
$3,100,000
DBTF provided 100% financing on an acquisition of 29 unit multifamily garden style apartment complex in New City, NY. This was an estate sale where the purchaser had to close quickly. DBTF quickly realized the below market sale price and was able to provide quick funding.
Mid Construction Financing
Bushwick, NY
$3,200,000
DBTF provided financing for mostly complete condo building in Bushwick, NY. The borrower was seeking additional funds to complete the project and pay back the existing lender
Permanent Financing
Crown Heights, NY | $855,000
DBTF arranged long term financing for a long time owner looking for a low rate.
Commercial Loan
East New York, NY | $2,200,000
DBTF arranged financing on a commercial property located East New Yok, NY.
Long Term Financing
Park Slope, NY| $1,500,000
DBTF arranged long term financing for a partner buyout of a mixed use building in Park Slope , Brooklyn
Permanent Financing
New Rochelle, NY | $1,139,000
DBTF arranged long term financing for a long time owner of an apartment building in New Rochelle, NY
Owner Occupied Financing w/ CLOC
Ozone Park, NY | $1,250,000
DBTF arranged financing on an owner occupied commercial business with an additional commercial line of credit.
Permanent Financing
Bay Ridge, NY | $810,000
DBTF arranged long term financing for a long time owner looking for a low rate.
Permanent Financing
Williamsburg, NY| $1,000,000
DBTF arranged long term financing for a partner buyout of a mixed use building in Williamsburg, NY
Permanent Financing
Yonkers, NY | $650,000
DBTF arranged long term financing for a long time owner of an apartment building in Yonkers, NY
Financing
Greenpoint, Brooklyn | $1,700,000
DBTF arranged Financing on a mix use property in Brooklyn, NY.
Debt
Acquisition
Manhattan | $7,000,000
DBTF acquired a defaulted mortgage on a 4 story town house on park avenue in Manhattan.
Building Upgrades
Corona, NY
$2,500,000
Due by the First Provided a first position mortgage to a private school to provide vital upgrades to the building.
Acquisition Financing
Elmhurst, NY
$2,000,000
DBTF provided funding for the purchase of a mix use building in Elmhurst, NY. We provided over 85% of the purchase price . In addition to the purchase DBTF took a first position mortgage in a near by multifamily building.
Bridge Financing
Bayside, NY
$1,300,000
DBTF provided borrower with a refinance of a vacant two story mixed use building in Bayside, NY. The building suffered structural damage due to ongoing construction at the site next door. The borrower has a traditional mortgage coming due and was unable to secure traditional financing.
Partner Buy Out
Bronx, NY
$925,000
DBTF provided financing for a partner buyout on a 75’ x 110’ development site with 40,000+ As of Right Buildable SQFT in the Bronx. The borrower wanted to capitalize on the recent development in the neighborhood as the partner wanted to go in a different direction.