New York Company Offers Flexible Financing for Real Estate Projects

John Salib and Paul Salib founded Castellan Real Estate Partners over a decade ago as a fully-integrated financial services firm with operations in property acquisition, management, and financing. With regard to financing, Castellan Real Estate Partners provides bridge and construction loans through its lending division, Castellan Capital. Because the loans are originated in-house, it can offer fast and flexible loans serving even clients who need unconventional financing structures.

In 2018, for example, the company provided financing for various projects in New York. In July, it provided a $7.5 million cash-out bridge loan to refinance a commercial building in Queens, New York. That same month, it also extended a $3.17 million bridge loan to investors who wanted to acquire three multifamily buildings in East Orange, New Jersey and $4.5 million for the construction of residential condominium buildings in Brooklyn, NY. Just a month prior, it had advanced a bridge loan of $12.7 million to a client to acquire a retail property in Queens, NY.