January Funding


Essencap successfully closed on a $1,600,000 mixed used building in Elmhurst, Queens, NY. 

We are pleased to announce that Essencap successfully arranged a commercial real estate loan. The subject is improved with a two story, combination building with first floor as a 99 cents store and an apartment on the upper floor. It has a total building area of 3,400 square feet. The site has a total area of 2,250 square feet and is zoned “C1-3” with an “RA” overlay.

The borrower is a retired full-time investor, travel between Georgia and New York. The lender is comfortable with absentee ownership structure. 


Technology Release

Commercial property loan calculator is now completed and released on our website at and click on the         loan calculator

Special Programs
Two to four family investment property in Staten Island, Brooklyn, Queens, can lend up to 40 year amortization will provide max loan to value. Rate starting at 4.5%. Stated income borrower accepted. 
Multifamily Lending - Borrower tax return is not require. Rate start at 4.5% with 5 year fixed, and the loan is non-recourse and assumable. Loan size must be above a million and 5 residential units more.
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Essencap Funding LLC · 45 Middle Neck Rd Ste 220 · Great Neck, NY 11023-2124 · USA

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