ERG Delivers Cash-Out Refi of Bushwick Retail

ERG Commercial Real Estate, a Long Island based commercial real estate firm, delivered a $5-million cash-out refinance loan to the owner of 29 Wyckoff Ave., a fully leased, cash-flowing commercial property in Bushwick, Brooklyn. The loan features a 4.0% fixed rate for five years with a five-year option to renew and a 25-year amortization rate.

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