FINANCED
Cornerstone Capital Of NY Arranges $1.82M Acquisition Loan For Bloomfield Retail Property
78 Main Street
Retail
2,736 SF
2,736 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
Retail
2,736 sqft
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]
Players
Details
FINANCED
IMAGE: Alexander Nemirovskiy, Igor Zakh, Russell Nova & Gabriel Kinkov
DATE: 07/28/2021
ADDRESS: 78 Main Street
MARKET: Bloomfield, NJ
ASSET TYPE: Retail
LANDLORD: Ethan Kashnoshki
BROKERS: Russell Nova (@RussellNova), Alexander Nemirovskiy (@Alex_Nemy), Igor Zakh (@Igor_Zakh), Gabriel Kinkov - (@CornerstoneCapitalofNY)
LOAN AMOUNT: $1,820,000
LOAN TERMS: 10 Year Fixed Term, 75 LTV, 3.875% Rate, 25 Year Amortization
LOAN TYPE: Acquisition
NOTE: @CornerstoneCapitalofNY arranged Financing on this Shopping Center in the heart of Bloomfield NJ. @Igor_Zakh, @RussellNova, @Alex_Nemy were was able to work directly with the Lender and secure very favorable Terms, especially during these times when retail has seen a large increase in vacancy. Our Banking relationships are very strong and with our Credit partners where we secured Long Term paper with a 3.875%, 10 Year Fixed on a 25 Year Amortization.
US and yourself at the . is not just a , but a lifestyle at @CornerstoneCapitalofNY
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]View on map
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Address78 Main Street
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