Cornerstone Capital Arranges $2.4M Refinance Loan For Retail Property In Haledon, NJ

A retail property located at 360 Clinton St in Haledon, NJ was recently involved in a loan transaction. The loan, taken out for the purpose of refinancing, was provided by Webster Bank. The landlord of the property is Alex Latiff.

Summary of transaction details:

• Property Type: Retail
• Loan Amount: $2,425,000
• Loan Type: Refinance

Cornerstone Capital, represented by Alexander Nemirovskiy, Igor Zakh, and Russell Nova, successfully facilitated the full 20-year fixed loan product for this single-tenant owner-occupied property. They strategically partnered with Webster Bank, choosing not to pursue the SBA route due to the aggressiveness of the lender's rates and terms. Cornerstone Capital has strong relationships with top-tier lenders and can streamline loan applications.

Contact information:

Cornerstone Capital: 718 975 8900, [email protected]

Alexander Nemirovskiy - Senior Credit Officer: 347 751 5232, [email protected]

Igor Zakh - Chief Operating Officer: 917 567 1646, [email protected]

Russell Nova - Principal: 917 559 1820, [email protected]