Closed: 100% Acquisition Loan
57 Congers Road New City, NY
$3,100,000
Description
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.
