Silver Arch Capital Partners (www.silverarchcp.com) is pleased to announce a loan financing in the amount of $4,100,000 secured by an apartment at 60 Beach Street in Manhattan. The 3 bedroom, 3 bath 5,000 sq. ft. residence sits on a beautiful street in Tribeca and occupies 4 floors with a backyard courtyard. Jeffrey Wolfer, President and CEO of the Hackensack, NJ based Silver Arch Capital Partners stated that "the Borrower will pay off an existing mortgage and utilize the remaining proceeds to invest in other business opportunities."
Silver Arch Capital Partners is a leading nationwide private lender to the commercial real estate market, specializing in Bridge Loans to owners, investors and developers in need of funding outside the scope of traditional banks and lenders. Formed with the mission to assemble the most highly creative minds in real estate lending under a single banner, the firm recognizes the importance of access to capital in turbulent times. Its partners, who have closed over $2 billion in loans, have the knowledge and insight to guide a borrower through the entire loan process, from initial review through closing.
Drawing from various resources, Silver Arch Capital Partners offers loans from $1 million to $75 million with the flexibility and creativity to review projects of every type — multifamily, office, retail, industrial, hotel and land — and to offer funding for almost every purpose — restructurings, discounted payoffs, purchase of notes and property improvements.
