Description

ERG Commercial Real Estate is proud to announce the recent finance closing for 202 Irving Avenue and 448 Herzl Street in Brooklyn, NY. 202 Irving Avenue is a three story mixed-use building that contains six apartments and two retail units. 448 Herzl Street is a three story mixed-use building containing four apartments and two retail units, one of which is occupied by a Laundromat. Mary Guarino of ERG Commercial Real Estate was able to secure a 10 year mortgage fixed at 3.5% for the first 5 years and resets for the remaining 5 years. In addition, was able to get the client cash out proceeds to expand his real estate portfolio.

The brokers on this transaction, Michal Walma and Ryan Lewis, are actively originating loans throughout Brooklyn and Long Island, NY.