Infinity Funds Provides $16,250,000 Refinance Loan For Industrial Property In Long Island
1000 Nesconset Hwy
$16,250,000
Building Size
—
Asset Type
Retail
Closing
Jul 22, 2026
AI
The asset involved in this transaction is an industrial property located at 1000 Nesconset Hwy in Long Island. The loan amount secured for this asset is $16,250,000, which is categorized as a refinance. The transaction indicates the property's substantial financial backing within the industrial market segment.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,250,000
- Loan Type: Refinance
- Lender: Infinity Funds
- Broker: Ariel Taieb - Meridian Capital Group
- Date: 07/22/2026
Ariel Taieb from Meridian Capital Group represented the brokerage side in this transaction. The loan indicates a strategic move within the industrial sector, highlighting Infinity Funds as the lending institution providing financial support for the refinance. The details encapsulate key players in the financing process of this industrial property.
Players
Long Island Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93