NEW YORK, March 16, 2017 /PRNewswire/ -- Castellan Capital, a leading commercial real estate lender, announced today that it has funded over $50,000,000 of loans in 2017 year to date. Highlights of closed loans include:
- $18,000,000 to refinance a mixed-use property in Bronx, NY
- $15,000,000 to refinance a partially completed luxury condominium construction project in Hampton Bays, NY
- $7,500,000 for the acquisition of a retail property in Downtown Brooklyn, NY
- $8,000,000 to refinance and complete construction of a multifamily development in Queens, NY
"We can rapidly underwrite and close loans on transitional real estate assets, because we're a private non-bank lender with discretionary capital," said Michael Mostoff, Senior Managing Director of Castellan Capital. "Our team has broad operational expertise across multiple real estate asset classes. We can evaluate transactions from both a lender's and equity investor's perspective, and are well positioned to capitalize on our strong pipeline of lending opportunities."
Castellan Capital recently expanded its lending program into select strategic markets across the United States, and is now providing bridge loans in the New York metropolitan area, Miami / Ft. Lauderdale, Boston, Washington, D.C., Los Angeles, San Francisco, Philadelphia, Chicago, Atlanta, Dallas, and Seattle. Castellan Capital also continues to provide construction loans exclusively in New York City.
Castellan Capital's team of seasoned professionals is known for making fast decisions and closing quickly. With discretionary capital and no outside investment committee, Castellan Capital has the flexibility to structure transactions to meet each borrower's unique requirements.
About Castellan Capital
Castellan Capital provides fast, flexible, and reliable commercial real estate loans. We are a privately held direct portfolio lender that specializes in situations where conventional financing is not available. For execution certainty, count on Castellan.
For more information, please contact:
Senior Managing Director
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SOURCE Castellan Capital