Aegean Capital Provides $3.5M Refinance Loan For 20,000 SF Industrial Property In Hicksville

The property asset involved in this transaction is an industrial asset located at 400 Charlotte Avenue in Hicksville. The asset encompasses a total square footage of 20,000 and is associated with a refinance loan amount of $3,500,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,500,000
• Lender: Aegean Capital
• Loan Type: Refinance
• Loan Terms: 5.22% Rate, 5 year term, and 30 year amortization
• Broker: John Lagoudis - Realty Executives

This transaction was characterized by single tenant NNN purchase financing, with Aegean Capital facilitating the loan at a rate of 5.22% for a 5-year period, complemented by a 30-year amortization schedule.