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Mack Provides $65M Bridge Loan for Astoria Waterfront Site Acquisition – Commercial Observer has learned. Mack Real Estate Credit Strategies provided the bridge loan, which has an 18-month term with extension options, sources close to the transaction told CO. The.
A bridge loan is a short-term loan that is used until a person or company secures permanent financing or removes an existing obligation, bridging the gap during times when financing is needed but.
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