Cornerstone Capital Secures $5.1M Acquisition Loan For Bellmawr Retail Property

A retail property located at 367 East Browning Road in Bellmawr, NJ has been involved in a recent loan transaction. The property spans a total of 63,561 square feet.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $5,100,000
• Landlord: Khavin Renata

Russell Nova, Alexander Nemirovskiy, and Igor Zakh from Cornerstone Capital Financing served as brokers in the loan transaction. The loan amount secured for the acquisition was $5,100,000, with a loan-to-value ratio of 70%. The loan has a fixed rate of 6.5% for a period of 5 years, and the amortization schedule is set at 25 years.

Note from Cornerstone Capital: The financing for this shopping center property was successfully secured by Cornerstone Capital Financing on behalf of the buyers. The team at Cornerstone Capital worked closely with the lender to underwrite the asset and secure the highest loan-to-value ratio possible.

To contact the representatives from Cornerstone Capital Financing, use the following details:

• Russell Nova - Cornerstone Capital Financing - 917-559-1820 - [email protected]
• Igor Zakh - Cornerstone Capital Financing - 917-567-1646 - [email protected]
• Alexander Nemirovskiy - Cornerstone Capital Financing - 347-751-5232 - [email protected]