Manoj Narang Secures $6.35 Million Refinance Loan For Development Site At 135 Glen Cove Avenue

The property asset involved in this transaction is a development site located at 135 Glen Cove Avenue in Glen Cove. It has a building square footage of 196,000 and a total square footage of 195,538, reflecting its potential for development. The loan amount associated with this property is $6,350,000, categorized as a refinance with terms specific to land and pre-development.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $6,350,000
• Building Square Feet: 196,000
• Total Square Feet: 195,538
• Address: 135 Glen Cove Avenue
• Market: Glen Cove
• Landlord: Manoj Narang
• Loan Type: Refinance
• Loan Terms: Land & Pre-Development Loan
• Broker Representatives: Mike Hennessy & Adam Kaplan - Scouter Capital

This transaction involves key individuals in the lending process, specifically the landlord, Manoj Narang, and the broker representatives, Mike Hennessy and Adam Kaplan from Scouter Capital. Their roles are crucial in facilitating the refinancing arrangement for the development site.