Retail Financing with Laundromat Tenant

Freeport, NY

$1,250,000

Description

ERG Commercial Real Estate has secured a $1,250,000 refinance loan on a one-story strip shopping center that includes a Dunkin Donuts, laundromat and a shoe store.

The five-year loan has a 30-year amortization and 5% interest rate. The borrower, who is an investor in over 20 strip malls in Long Island, refinanced his private loan at a much lower interest rate.

Location

AddressFreeport, NY
City NY
Zip/Postal Code
Country United States
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