First mortgage for the acquisition of a 13,000 SF, single tenant retail property in McAllen, TX, leased by Walgreen's. Our Borrower acquired this property to fulfill the requirements of a 1031 Tax-deferred Exchange.Read More
First Mortgage Acquisition financing for two (2) Cranes to be used by our Borrower, a high rise construction contractor on a project in Midtown Manhattan, NY. Primary collateral for Paradigm’s Loan was 120,000 SF of previously unencumbered Industrial property in Brooklyn, NY.Read More
First Mortgage Acquisition financing on a 33,984 square foot development site in Fort Lauderdale, FL. Site has 100 feet of dockage on the Intracoastal Waterway and is shovel ready, with approvals in place to construct a 37-unit, Luxury Condominium Building.Read More
First Mortgage Acquisition Financing on a 15,000 SF, 100% occupied Retail Strip Center in Port Jefferson Station, NY, cross-collateralized with a 5,000 SF, 100% occupied mixed-use property in Huntington, NY. Paradigm’s loan will serve as the replacement financing as part of a larger 1031 Exchange.Read More
First mortgage on a 30.5 acre, waterfront resort development property on the Estero Bay in Estero, FL. Paradigm’s loan funded the acquisition of the lots remaining to complete the 30.5 acre assemblage. The completed development would feature a resort community which would include a marina, restaurant, hotel, and residential components.