Description

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.