Description

ERG Commercial Real Estate is proud to announce the recent closing of 922 Barretto Street in the Bronx, NY and 2 Church Tavern Road in South Salem, NY. ERG facilitated a $775,000 private loan on the acquisition of 2 Church Tavern Road in South Salem, with additional collateral of a 31 unit mixed-use building located at 922 Barretto Street in the Bronx. ERG understood the borrowers needs and created a loan and structure that was beneficial to the borrower. The term of this loan is for one year with an option for a second year. ERG Commercial Real Estate was able to close the deal quickly, with no appraisal or environmental report needed.