A loan of $3,600,000 was secured for an industrial property located at 75 Van Brunt Street in Red Hook. The loan term is set at 10 years with a fixed interest rate of 3.75% and a 30-year amortization schedule. The property, owned by Shlomo Chartiff, is a part of the thriving industrial market in Red Hook.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $3,600,000
• Address: 75 Van Brunt Street
• Market: Red Hook

Russell Nova, Sean Kuts, and Alexander Nemirovskiy from Cornerstone Capital acted as brokers in the transaction on behalf of the purchaser. They successfully executed the deal, leveraging Cornerstone Capital's expertise in financing industrial properties. The team at Cornerstone Capital, with their senior analysts, loan coordinators, and relationship managers, are equipped to analyze and structure loan requests for commercial and multifamily properties.

For this loan transaction, Russell Nova served as the principal, and he can be contacted via email at [email protected] or phone at 917-559-1820. Sean Kuts, the Relationship Manager, can be reached at [email protected] or 347-585-5212. Alexander Nemirovskiy, the Credit Officer, can be contacted at [email protected] or 347-751-5232.

The loan provided by Cornerstone Capital enables the purchaser to maximize their purchasing potential with access to over 65 commercial banks, further cementing Cornerstone Capital's position as a trusted lending partner in the industry.