Description

ERG Commercial Real Estate is proud to announce the funding of a $700,000 bridge loan secured by two commercial properties on Long Island, NY, consisting of a Laundromat and a Deli. This deal was originated by ERG’s Anthony Flaccomio who was able to advise his client through the loan process and take on the challenges that come with financing these asset types. Through Anthonys’ relationship with the borrower, he was able to secure this transaction while assisting in a conventional loan on another one his clients properties. This client has an extensive portfolio of very profitable laundromats throughout the New York Metro area.