REBusinessOnline

PARADIGM CLOSES THREE NYC LOANS TOTALING $23.7 MILLION

NEW YORK CITY — Paradigm Commercial Real Estate has arranged three loans in New York City for a total of $23.7 million. In the first transaction, a $12.5 million loan was secured for a mixed-use building on Elizabeth Street that contains 48 resident units and six retail spaces. In the second transaction, a $6.2 million loan was secured for a retail/industrial building located on Weschester in the Bronx. In the final transaction, a $5 million loan was secured for a 91-unit multifamily building located on East 16th Street in Brooklyn. The borrowers and lenders in all three deals were not released.

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