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$5,750,000 : 18 Unit Condominium Brooklyn, New York

New York based Mercury Capital Corporation, a bridge financing institution, is pleased to announce that it has recently originated a $5,750,000 first mortgage secured by an existing 9 story, 18 unit condominium building located in Brooklyn, New York.

Our borrower built the subject property in 2004 and subsequently 7 of the units went into contract. Once some minor changes are completed, a certificate of occupancy will be approved. "Our funds will enable the borrower to complete this project and begin closing on units immediately." Said Marc Gleitman, President at Mercury Capital.

Mercury Capital Corporation, founded in 1989, offers borrowers an immediate financing alternative for short-term needs. Gap/Bridge financing, discounted mortgage buybacks, unpaid tax remittances, foreclosure workouts, bankruptcy resolutions and short fuse opportunity financing are all examples of transactions that can be closed with immediacy. Mercury Capital lends on commercial properties nationwide offering loan amounts ranging from $1,000,000 to $20,000,000.

For more information please contact Mercury at 212.661.8700
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