Description

ERG Commercial Real Estate, through an affiliate, delivered a $7.5 million bridge loan on a vacant industrial building on a nine acre site in the Staten Island.

We were able to secure private Bridge financing for 501 Industry Road, Staten Island, NY. This property is a 9 acre parcel with a 40,000sf vacant industrial building on site. The property is located in the heart of the premier industrial section of Staten Island with easy access to major transportation routes.

This deal had a hard year end closing deadline. From term sheet signing, we were able to close this deal through the holidays in 2 and half weeks.