ERG Commercial Real Estate is proud to present the recent financing of 450 78th Street in Brooklyn, NY. The owner of this 20 unit multifamily building wanted to take out a loan to do capital improvements on his property. The borrower also had the special condition of wanting to have this loan be self-liquidating over a 10 year period. ERG was able to secure a loan for the borrower that met his criteria at a rate of 4.0% for a 10 year fixed loan with a 10 year amortization period. Due to ERG’s close relationships with our banking partners, we exceeded our client’s goals and fulfilled his financial needs.
ERG Commercial Real Estate is proud to present the recent closing of 140 Frost Street in Brooklyn, NY. ERG was able to help the owner obtain financing for his mixed use property. The borrower was looking to replace his current private financing, as well as cash out some additional funds for future projects. ERG was able to get hold of a high leverage loan at a very low rate to fulfill the borrowers request. Through ERG’s excellent banking relationships we are able to get the most competitive financing deal for our clients. No deal is too small or too big or too difficult. Please feel free to give ERG Commercial Real Estate a call for any of your financing needs.
ERG Commercial Real Estate is proud to present the recent closing of 74-30 Woodside Avenue. ERG was able to obtain financing for this mixed use property through relentless effort. The property needed a new Certificate of Occupancy, Renovation and Repair work as well as the clearing of multiple violations. ERG was able to guide the borrower through this process while also working with the lender to make sure they stayed on board throughout the progression. The borrower was so pleased with the work ERG did, he has returned for his next financing project. If you have a difficult financing project please feel free to reach out to ERG Commercial Real Estate.
ERG Commercial Real Estate is proud to present the recent financing of 150 Hale Avenue, Brooklyn, NY. 150 Hale Avenue is a small three story multifamily building in Brooklyn, NY that was leased out on a NNN basis to a New York City Agency. The deal had a number of issues that ERG was able to resolve to get it closed, the least of which was that the building was nonconforming to its current C/O. Due to ERG’s strong banking relationships ERG was able to navigate through these issues and resolve the banks concerns to be able to close the deal.
ERG Commercial Real Estate is Proud to present the recent financing of 57 Congers Road, New City, NY. The subject property is a 29 unit multifamily garden style apartment complex. The property had been in estate court for the past 10 years with a dispute between the heirs to the estate. When an agreement was finally reached, ERG was able to step in and find the new purchaser a loan that covered the full cost to buyout the other parties and cover closing costs. This deal closed in one and a half weeks from start to finish.