BEB Lending Provides $9M for FiDi Mixed-Use Property Acquisition
BEB Lending, the finance platform of BEB Capital, has provided a $9 million, 12-month acquisition bridge loan to Orsipel V LLC for the purchase of a mixed-use property at 53 and 55 Stone St in Lower Manhattan’s Financial District. The property is a 5-story building constructed in 1900, featuring seven residential units and two restaurant tenants, Revolution Taco and Underdog.
The loan transaction marks the first loan originated by the BEB Credit Opportunity Fund, an extension of BEB Lending. BEB Lending offers financing solutions for commercial real estate assets in primary and secondary markets across the US, with loans up to $50 million, targeting a cap of $150 million and projected gross returns of thirteen to fifteen percent.
BEB Lending was represented in-house by Sean Silverbrook.
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