Description

ERG Commercial Real Estate is proud to present the recent financing of 98 Bay Ridge Avenue in Brooklyn, NY. The owner of this 6 unit multifamily property needed a quick refinance during the holiday season. Given the time constraints during the first week of the New Year, ERG was able to close the loan in under a 2 month time period from term sheet to closing. ERG was able to secure a loan for the borrower that met her criteria at a low interest rate for a 15 year term and a rate reset every 5 years. Due to ERG’s close relationships with numerous banks, we exceeded our client’s goals and expectations.