ERG Commercial Real Estate, a Long Island based commercial real estate firm, through an affiliate, delivered a $2.5 million cash out refinance loan to the owner of a mixed-use property containing 13 apartments and two retail units in West Hempstead, Long Island. The 13,526 sq. ft., two-story brick property located at 102-110 Hempstead Turnpike was […]
NEW YORK CITY — Locally based financial intermediary ERG Commercial Real Estate has arranged a $5 million loan for the refinancing of a 13,300-square-foot retail property in Brooklyn’s Bushwick neighborhood. The property at 29 Wyckoff Ave. was originally built as a warehouse in 1931… Read More
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 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 […]
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 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
ERG Commercial Real Estate has provided a $6 million refinance loan on two, three-story brick mixed-use buildings off the Brooklyn waterfront on one of Greenpoint’s premier corridors. The properties, at 23 and 27 Greenpoint Avenue, features four high end apartments and two ground floor restaurants. Read More
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 […]
ERG Commercial Real Estate has delivered a $9 million refinance loan to the owners of 176 Bowery on the Lower East Side of Manhattan. The property is located on one of the busiest corners in Manhattan, at the intersection of Bowery and Delancey. The property is a three-story, 5,855-square-foot commercial building on a 25 foot x 100 foot lot that was […]