Flushing Bank Provides $5.175M Refinance Loan For Mixed-Use Property In East Northport

The mixed-use property located at 2-8 Laurel Rd, 12-16 Laurel Rd., 20-24 Laurel Rd & 34-38 Laurel Road in East Northport has undergone a refinancing transaction. The loan amount for this transaction was $5,175,000 provided by Flushing Bank. The landlord of the property is Allon Avgi. The broker representing the deal is John Libretti from Progress Capital.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $5,175,000
• Loan Type: Refinance
• Address: 2-8 Laurel Rd, 12-16 Laurel Rd., 20-24 Laurel Rd & 34-38 Laurel Road, East Northport
• Lender: Flushing Bank
• Landlord: Allon Avgi
• Broker: John Libretti - Progress Capital

This refinancing deal involved Allon Avgi as the landlord and was facilitated by broker John Libretti from Progress Capital. The property, with its mixed-use classification, provided the opportunity for a loan amount of $5,175,000 from Flushing Bank. With this refinancing, the property's financial situation has been strengthened, creating new possibilities for future endeavors.