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1000 Nesconset Hwy

Infinity Funds Provides $16,250,000 Refinance Loan For Industrial Property In Long Island
FINANCEDRetail

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:

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

Ariel Taieb

Meridian Capital Group

Broker

$262.3M

vol

8 deals

Broker
IF
Infinity FundsLender

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