$1,000,000 bridge loan for the acquisition of a non-performing commercial mortgage loan secured by a four-story, 8-unit apartment building located in the Bedford-Stuyvesant section of Brooklyn, New York. 558 Lafayette Street is a four-story penthouse and basement walk-up apartment building. Edgewood’s loan provided the borrower financing to acquire property through a foreclosure sale.
![558 Lafayette](https://www.edgewoodcapital.com/wp-content/uploads/2023/09/Lafayette-385x258-2.jpeg)