MAVA LAW CLOSES $17.2 MILLION CONSTRUCTION LOAN FOR OWNER-DEVELOPER

In April 2018, MAVA LAW closed on a refinance consisting of three separate loans, including an acquisition loan, building loan and project loan which enabled its client to pay off an existing acquisition loan and to complete the full gut renovation and façade replacement of a 45,000 square foot mixed use building in the Hub portion of the Bronx. Also, by facilitating the financing in the aggregate amount of $17.2 Million, MAVA LAW maximized its client’s mortgage tax savings. Sidley Austin represented the Lender.

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MAVA LAW represents clients in all facets of commercial and residential real estate. Our attorneys provide end-to-end counsel to clients buying, selling, developing, leasing and investing in property in New York and New Jersey. Handling a vast and diverse range of transactions has enabled the firm to seamlessly structure, negotiate and efficiently close virtually any deal.