ERG Commercial Real Estate is proud to announce the $600,000 line of credit of 347-341 Merrick Road, Lynbrook, NY. The loan was a five-year interest only floating rate with the flexibility to access funds as needed.
The owner, who occupies part of the 11-unit office property, needed access to funding to invest in his other portfolio. Due to our relationships with regional lenders, we were able to arrange for the proceeds amount he was looking for as well advocate for competitive terms. Securing financing for office properties is challenging in today’s lending market, our expertise and strategic approach made it possible. It is the persistence and meticulous attention to detail that ultimately led to the successful closing of this line of credit.
