Description

ERG Commercial Real Estate is proud to announce the recent closing of 380 East Main Street, Patchogue, NY. ERG secured a $1,900,000 refinance on a 5 tenant retail strip center. The rate for this loan was 4.0% with a 25 year term and rate adjustments every five years. ERG was able to close this loan during the height of the Corona Virus Pandemic due to its close relationship with the lender. ERG maintains close relationships with a large variety of National, Regional and Local Banks in order to help our clients find the right financing solution for their commercial real estate investments. It is more important than ever to have these relationships and to look out for one another during times of crisis. ERG is proud to have such long and enduring friendships and we look forward to being able to help you with your financing goals.