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$1,700,000 : 3.3 Acre Land Acquisition, Staten Island, New York

New York based Mercury Capital Corporation, a bridge financing institution, is pleased to announce that it has recently originated a $1,700,000 first mortgage secured by a 3.3 acre land site located in Staten Island, New York.

Our borrower refinanced this land parcel in order to acquire additional property in the immediate vicinity. This parcel is currently being leased out to multiple local car dealerships to house new automobile inventory. The income generated provides adequate debt service coverage for this loan.

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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