Park Slope Finance Closing
318 5th Avenue Park Slope, Brooklyn, NY
$1,500,000
Description
ERG Commercial Real Estate is proud to present the recent finance closing of a mixed-use property in Park Slope, Brooklyn. The building consists of two apartments over one store, with 70% of the gross income coming from the commercial tenant. ERG Commercial Real Estate persevered and closed this deal in the midst of the Covid-19 pandemic. We provided our client with a low interest rate, despite the fact that banks were hesitant to lend on properties with retail tenants. We secured this deal with the bank without any changes in terms from start to finish.
