Island Federal Credit Union Provides $1.2M Loan For Industrial Property In Brooklyn

The industrial property located at 137 Liberty Avenue in Brooklyn has recently been involved in a loan transaction. The property spans 8,794 square feet and is owned by McNelly Enterprises.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $1,200,000
• Loan Lender: Island Federal Credit Union
• Landlord: McNelly Enterprises
• Broker: James Hansen, Highcap Group
• Loan Terms: 5 year fixed at 3.5%

The loan for this property was provided by Island Federal Credit Union. James Hansen from Highcap Group represented the parties involved in this deal. The agreed loan amount was $1,200,000 with a fixed term of 5 years at an interest rate of 3.5%.