Lancewood Capital Featured In Real Estate Weekly After Closing $75M In NY Metro Area Loans

NEW YORK, Nov. 5, 2020 /PRNewswire-PRWeb/ -- LINK TO ARTICLE

Since the World Health Organization declared a global pandemic in March 2020, Lancewood Capital, LLC, a New York-based direct portfolio lender owned by a family office, has closed 19 transactions in the New York Metro Area totaling over $75 million. Lancewood has continued to demonstrate its commitment to providing competitive, quick, reliable and structurally flexible real estate financing. The company focuses on $500,000 to $25 million bridge loans and special situation financing, note financing and note acquisitions. Below are some of the firm's recent closings in Q3.

$14,000,000 note financing transaction for the completion of a ground-up development in SoHo. Lancewood provided competitive terms and a capital structure beneficial to all parties. This transaction was structured by Justin Godner of Lancewood.

$3,150,000 bridge loan to refinance a mixed-use property on the Upper East Side. The sponsor sought competitive short-term refinancing upon the impending maturity of their bank loan. Lancewood refinanced the property at a near-bank rate in less than two weeks of agreeing upon terms. This transaction was structured by Matt Schatzle of Lancewood.

$11,000,000 note financing transaction for the acquisition and renovation of a mixed-use property in Greenwich Village. Lancewood provided competitive terms and closed the transaction within a week of agreeing upon terms. This transaction was structured by Justin Godner of Lancewood.

$1,100,000 bridge loan to refinance two industrial properties in Williamsburg. The borrower used the refinancing of these properties to free up capital for a time-sensitive acquisition of another property. Lancewood creatively structured the transaction at competitive terms. This transaction was structured by Matt Schatzle of Lancewood.

$2,350,000 note financing transaction for the refinance of a mixed-use property in Queens. Lancewood provided competitive terms and closed in less than two weeks of agreeing upon terms. This transaction was structured by Matt Schatzle and Justin Godner of Lancewood.

SOURCE Lancewood Capital