ERG Commercial Real Estate Furnishes $7.5M Bridge Loan For Purchase Of Industrial Site In Staten Island | 501 Industry Road | ERG Commercial Real Estate | Industrial | Loan

Summary

Loan

NEW YORK

Industrial

40,000 sqft

A vacant nine-acre industrial site located at 501 Industry Road in Staten Island has been purchased with the help of a bridge loan. The property, spanning 40,000 square feet, is situated in the Staten Island market. The loan amount provided by Ryan Lewis & Matthew Murphy of ERG Commercial Real Estate totals $7,500,000.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $7,500,000
Square Footage: 40,000
Acres: 9
Address: 501 Industry Road
Market: Staten Island

ERG Commercial Real Estate, represented by Ryan Lewis & Matthew Murphy, facilitated the $7.5 million bridge loan to support the acquisition of the vacant industrial site. No further details have been provided regarding the transaction.

Players

All
1

Lenders
1

ERG Commercial Real Estate

Details

Deal Summary

FINANCED

IMAGE: Ryan Lewis & Matthew Murphy DATE: 01/08/2024 ADDRESS: 501 Industry Road MARKET: Staten Island ASSET TYPE: Industrial ~ SF: 40,000 ~ ACRES: 9 LENDER: Ryan Lewis & Matthew Murphy - ERG Commercial Real Estate (@ERG_CommercialRealEstate) LOAN AMOUNT: $7,500,000 LOAN TYPE: Bridge NOTE: ERG Commercial Real Estate has furnished a $7.5 million bridge loan for the purchase of a vacant nine-acre industrial site at 501 Industry Road in Staten Island.

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Address501 Industry Road

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