Guarino and Flaccomio of ERG Commercial arrange $2.1 million

Guarino and Flaccomio of ERG Commercial arrange $2.1 million

Central Islip, NY ERG Commercial Real Estate, through an affiliate, is funding a $2.1 million refinance loan secured by two commercial strip shopping centers. The single-story buildings at 861 & 889 Lowell Ave. contain eight stores that include a daycare center, meat market, liquor store, pizzeria, grill, Dominos, a deli and a cycle shop. Read More

ERG Lines Up Loan to Complete Staten Island 1031 Exchange

ERG Lines Up Loan to Complete Staten Island 1031 Exchange

ERG Commercial Real Estate delivered a $2.25-million traditional bank loan for a borrower who purchased an industrial warehouse building in the Bloomfield section of Staten Island for $3.8 million. ERG was able to provide the difference in proceeds needed in the 1031 exchange.  The five-year fixed acquisition loan featured a 6.5% interest rate for the […]

ERG COMMERCIAL Closes Construction Loan On Queens New Mixed-Use Building

ERG COMMERCIAL Closes Construction Loan On Queens New Mixed-Use Building

Carle Place, LI – ERG Commercial Real Estate, through an affiliate, has funded a $2.4 million refinance construction loan on a five-story mixed-use building in Corona, Queens. The 12,000 sq. ft. newly constructed building features 10 residential units and two commercial retail stores. Matthew Murphy, Director of Finance, negotiated the deal on the property at […]

ERG Secures Cash-Out Refi on Two Greenpoint Properties

ERG Secures Cash-Out Refi on Two Greenpoint Properties

ERG Commercial Real Estate has provided a $6-million refinance loan on two three-story brick mixed-use buildings along one of the premier corridors within Brooklyn’s Greenpoint neighborhood. The properties, at 23 and 27 Greenpoint Ave., feature four apartments and two ground-floor restaurants. Read More

Guarino of ERG Commercial RE delivers $4.2 million in refinance loans

Guarino of ERG Commercial RE delivers $4.2 million in refinance loans

Carle Place, NY ERG Commercial Real Estate’s Mary Guarino has delivered a $2.7 million refinance loan for the owner of 255 Glen Cove Rd. The 10-year loan with a rate adjustment after year five, has a 3.625% interest rate. The two story, 9,429 s/f commercial building houses ERG’s company headquarters on the second floor and a […]