Satinder Singh's Retail Property At 107-26 Rockaway Boulevard Secures $1.15M Loan From Preferred Bank

The asset involved in this transaction is a retail property located at 107-26 Rockaway Boulevard in Ozone Park. It encompasses a total square footage of 2,800 and has an acquisition loan amount of $1,150,000 arranged through Preferred Bank. The loan terms are set for a duration of 5 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,150,000
• Asset Square Footage: 2,800
• Address: 107-26 Rockaway Boulevard
• Market: Ozone Park
• Lender: Preferred Bank
• Landlord: Satinder Singh
• Broker Representatives: Ravinder Chopra, Yuvraj Chopra & Kuwar Chopra - STI Consultants
• Loan Type: Acquisition
• Loan Terms: 5 Years

STI Consultants played a pivotal role in facilitating this transaction. The firm specializes in structured lending solutions for a variety of commercial assets across the United States. With a notable success rate of closing transactions ranging from $500,000 to $500 million, STI Consultants has established strong lender relationships and maintains a commitment to delivering effective funding solutions nationwide.