Flushing Bank Provides $1.6M Refinance Loan For Industrial Property In Long Island City

The industrial property located at 43-18 Van Dam Street in Long Island City has undergone a refinancing transaction. The property, situated in a market known for its industrial activity, has been involved in a closed deal, with a loan provided by Flushing Bank.

Summary of transaction details:

• Property Type: Industrial
• Loan Amount: $1,610,000
• Loan Type: Refinance
• Loan Terms: 10-year term, 25-year amortization

Matt Buggenhagen, Jason Labriola, and Anthony Colicino of Meridian Capital Group represented the parties involved in the transaction as brokers. Their expertise and assistance were vital in facilitating the refinancing deal for the industrial property on Van Dam Street in Long Island City.