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 […]

ERG Commercial Real Estate Delivers $9M Refi for LES Building

ERG Commercial Real Estate Delivers $9M Refi for LES Building

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 […]