September 2015, New York, NY - Paradigm Capital, a nation-wide, private commercial real estate bridge lending firm, is pleased to announce that it has funded a $14,000,000.00 1st Mortgage secured by a luxury, single-family home situated on a secluded 35 acre lot directly on the Atlantic Ocean in Montauk, NY. Paradigm’s loan was used to refinance the existing debt on the property and provide growth capital the Borrower’s business.
Paradigm was able to provide flexibility and a fast, reliable closing process to accommodate the time frame and structuring needs of our Borrower.
“This transaction was closed in under two weeks due to Paradigm’s willingness to work within our Borrower’s time constraints. We were able to quickly complete our due diligence while navigating any issues which might have delayed the fast turnaround required by our Borrower,” said David Kushner, President of Paradigm Credit Corporation.