The industrial property located at 289 Scholes Street in Brooklyn has recently undergone a closed transaction. The property, owned by Angel Qaesey, was involved in a purchase loan deal facilitated by the brokers Igor Zakh, Alexander Nemirovskiy, Sean Kuts, and Russell Nova from The Cornerstone Capital of NY. The loan amount for this transaction was $5,840,000, and it was a 20 Year Fixed/20 Year Term loan with an interest rate of 2.99% in the first year, followed by COF + 1.50 Spread (5.06% Rate) for the remaining years.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $5,840,000
• Address: 289 Scholes Street, Brooklyn
• Market: Brooklyn
• Landlord: Angel Qaesey
• Brokers: Igor Zakh, Alexander Nemirovskiy, Sean Kuts, and Russell Nova - The Cornerstone Capital of NY

In this deal, Cornerstone Capital worked collaboratively with their client and the lender to secure favorable terms for the industrial property. They successfully negotiated a 20 Year Fixed loan with a competitive interest rate of 2.99% in the first year and a COF + 1.50 Spread (5.06% Rate) for the subsequent years. The team at Cornerstone Capital takes pride in their ability to provide a seamless process for their clients and work closely with their internal team and brokers.

For further inquiries and to explore opportunities with Cornerstone Capital, interested parties can reach out to the following key individuals:

• Russell Nova - Principal, can be contacted at 917-559-1820 or via email at [email protected].
• Sean Kuts - Relationship Manager, can be contacted at 347-585-5212 or via email at [email protected].
• Igor Zakh - Operating Officer, can be contacted at 917-567-1646 or via email at [email protected].
• Alexander Nemirovsky - Credit Manager, can be contacted at 347-751-5232 or via email at [email protected].

To learn more about Cornerstone Capital and their services, interested individuals can visit their website.