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.