Description

ERG Commercial Real Estate is proud to present the recent financing of a three story mixed-use building on Jamaica Avenue in between 173rd and 175th Street in Queens, NY. The borrower had just completed fully renovating the property and wanted to recoup the investment he made in Capital improvements as well as cash out some additional proceeds for future real estate investments. ERG was able to help the owner successfully navigate the process to clear the building of all violations and Certificate of Occupancy issues, allowing the deal to close in a timely fashion.