Description

ERG Commercial Real Estate is proud to announce the recent loan closing of a Bronx and Brooklyn Portfolio. ERG’s Anthony Yacovone operated as the deal originator and advisor on the $925,000 partnership buyout. The underlying assets of the portfolio included several parcels of land with development potential in addition to a strip of retail stores. The financing was structured so that both partners were able to benefit from the 1-year loan. In the midst of the COVID-19 uncertainty, ERG was able to provide a reliable and efficient closing.