Description

ERG Commercial Real Estate is proud to present the recent financing of 1707-1759 Middle country Road in Centereach, NY. The owner of this newly developed shopping center needed to refinance out of a construction loan. ERG secured $9,800,000 for the first phase of the development. The property having strong tenants like United Health Care, Arby’s, Wingstop, AT&T, Etc and ERG’s close relationship with multiple banks allowed us to provide the best rates on the market. More important than the rate was the proceed amount. ERG was able to push the proceeds to a higher level and close the loan and fund prior to all tenants being up and running.