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.
