Cornerstone Capital Of NY Arranges $1.82M Acquisition Loan For Bloomfield Retail Property

A loan of $1,820,000 was arranged by Cornerstone Capital of NY for the acquisition of a retail property located at 78 Main Street in Bloomfield, NJ. The loan terms include a 10-year fixed term with a 75% loan-to-value (LTV) ratio and a 3.875% interest rate. The loan has a 25-year amortization schedule.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,820,000
• Address: 78 Main Street, Bloomfield, NJ
• Market: Bloomfield, NJ

Cornerstone Capital of NY, represented by brokers Russell Nova, Alexander Nemirovskiy, Igor Zakh, and Gabriel Kinkov, successfully worked with the lender to secure favorable terms for the financing of this shopping center. Despite increased retail vacancy, the team was able to secure a long-term loan with a 3.875% interest rate for a 10-year fixed term.

For more information, you can contact the following individuals:

• Russell Nova - Principal - 917 559 1820 - [email protected]
• Igor Zakh - COO - 9175671646 - [email protected]
• Gabriel Kinkov - RM - 347 741 3213 - [email protected]
• Alexander Nemirovskiy - Credit Officer - [email protected]