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NEW YORK CITY — Mortgage Equicap has arranged a $5 million bridge loan for the renovation of a mixed-use property in New York City’s Upper West Side. The property consists of 4,000 square feet of ground level retail space and 16 apartments totaling 12,000 square feet. The 12-month bridge loan is interest only during the initial term with a 4.75 percent floor. Mortgage Equicap’s Daniel Hilpert arranged the non-recourse loan.