Description

ERG Commercial Real Estate is proud to announce the recent finance closing of 5601 and 5603 2nd Avenue in Brooklyn, NY. ERG placed a $2,500,000 5 year fixed mortgage at 3.625% interest rate with a 25 year amortization schedule. This is a 3 building mixed-use corner property consisting of a residential component, a retail component and an automotive repair shop. We were very pleased with the rate on this deal due to the automotive component.