Equicap-Cobble-Hill-Brooklyn-NY

Equicap Secures $4.5M Loan for Mixed-Use Property in Brooklyn

by Amy Works

NEW YORK CITY — Equicap has arranged a $4.5 million permanent loan for a mixed-use property located in Brooklyn’s Cobble Hill neighborhood. The newly developed building features one ground-floor retail unit and 10 apartments. Daniel Hilpert of Equicap arranged the loan, which features a five-year fixed interest rate, 30-year amortization schedule and three years of interest-only payments.

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