BRT Realty Trust.BRT BRT Bus Rapid Transit BRT Business Roundtable BRT Brightness BRT Be Right There (chat) BRT Bruttoregistertonnen (German: Gross Register Tons) BRT Biratnagar (Nepal) Realty Trust has announced it recently closed four loans totaling $11,600,000 for metropolitan New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of area properties. * In New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , BRT provided $5,000,000 in refinancing Refinancing An extension and/or increase in amount of existing debt. for a 20,000 gross s/f, two-story commercial building on Manhattan's West Side. Renovation funds will serve to complete construction to the property, which has 12 and 15-foot ceilings on the first and second floor respectively. The borrowers plan to lease the renovated space to restaurant tenants. The company also provided financing in the amount of $3,250,000 for the acquisition of a mixed use property in Lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North . Short-term, the borrower plans to lease the property at market rates with long-term plans of converting to condominiuims. * In Newark, a $1,750,000 loan with a one year term provided financing for the acquisition of a currently vacant 17,5000 sf office/retail property which the owner plans to renovate. * Also in New Jersey, BRT provided a $1,600,000 loan for the acquisition of a 5,400 s/f restaurant in the New Jersey beach front community of Loch Arbour in Monmouth County. The borrower for both New Jersey loans is a repeat client of BRT. |
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