David Kushner of Cresskill Guides Commercial Bridge Loan Transactions

David Kushner (Cresskill)

A Cresskill, New Jersey, entrepreneur, David Kushner heads the Paradigm Capital Group and facilitates commercial real estate bridge loans. Cresskill resident David Kushner has undertaken a number of significant developments, including the acquisition of a nearly 10-acre site for waterfront development in Newburgh, New York.

The $4.5 million first mortgage funded the acquisition of a development site spanning the Newburgh-Beacon Ferry Terminal and a marina that is zoned for 814,000 square feet of mixed use space. The first phase of the development will encompass retail, parking, and residential units.

Asked about the transaction, Mr. Kushner expressed excitement at the opportunity, and pointed out that the local market has been trending upward over the medium term. He believes that Orange County is well-positioned for further expansion.

Another high-profile transaction involved Paradigm Capital Group funding a $1 million first mortgage on a co-op on Manhattan’s Upper East Side, at One Carnegie Hill. The unit has undergone extensive renovations, with features including copper ceilings, recessed LED lighting, aluminum baseboards, and hardwood flooring.

Enabling Complex Bridge Loans to Go Forward

Based in Cresskill, New Jersey, David Kushner serves as Paradigm Capital Group president and is responsible for ensuring the quick, reliable closing of commercial real estate bridge loans. David Kushner and his Cresskill colleagues enable loans of between $1 and $10 million and have overseen a number of high-profile transactions across the United States.

Mr. Kushner’s achievements with Paradigm include arranging funding for a $2.3 million mortgage for a 6,800 square foot luxury property. Situated within Ventnor City, New Jersey’s historic St. Leonard’s Tract, the eight-block oceanside community was first mapped in the late 19th century. It is limited through deed restrictions to single family homes with large lot sizes and abundant open spaces.

As Mr. Kushner described it, Paradigm was successful in navigating the “many moving parts” of the transaction, which was secured through a mortgage on a single-family Hallandale Beach, Florida, luxury investment property. With the transaction appearing likely to fall through, a competitive loan was arranged and closed within a month.

David Kushner Provides Tips for Real Estate Sellers

As a real estate expert with decades of experience, David Kushner notes that the difference between selling your property relatively quickly with a good price, or not being able to sell it at all, often comes down to a couple of small aspects, aspects that anybody can work on if they realize their importance.

David Kushner

Spend Some Money on It

Since you often have to sell your property due to financial reasons this tip may sound contradictory. However, spending a bit more on your property can actually help your property stand out from others in the neighborhood. Whether you are hiring a landscaping professional or a pool builder, you can add to the value and “uniqueness” of your property, making it a much more intriguing from a real estate standpoint.

Offer a Little Extra

If you have quality equipment in your home or other valuable home appliances, maybe a car that you also want to sell, try to sweeten the pot by offering them to your potential buyers. There are also certain warranties that can be transferred to the new owner - home appliance warranties for example.

Be Ready to Move Out

When you invite a potential buyer into your home, it often helps if they see an environment they can potentially move into fairly soon. This implies not just the impending start of the process of you moving out, but also high quality insulation and good electrical and plumbing conditions.

As David Kushner notes, if you want to make your house more attractive in the eyes of your potential customers, covering your bases with the above mentioned tips might help you out.

Sources:
http://www.investopedia.com/articles/mortgages-real-estate/08/sell-down-market.asp
http://time.com/money/2803545/make-my-home-attractive-to-buyers/