Bay Shore Mixed Use
$13,000,000, 75% LTC, 3-year bridge loan
2-story, 57,000 square foot mixed use property
Bay Shore, NY
Highland arranged a $13,000,000, 75% LTC, 3-year bridge loan to complete renovations on a 2-story, 57,000 square foot mixed use property in Bay Shore, NY, on the south shore of Long Island. Due to increased project scope and construction cost overruns, Sponsor was unable to complete the work with the existing financing and needed a short term bridge loan to complete the ground floor commercial and second floor apartment renovation.