Pagnatiolous Zegenos Secures $2 Million Refinance Loan For Mixed-Use Property In Brooklyn

This mixed-use property located at 393 93rd Street in Brooklyn encompasses 6,500 square feet and consists of 4 units. The refinance transaction involved a loan amount of $2,000,000 with terms set at a fixed rate of 4.90% for a duration of 5 years, along with a 25-year amortization schedule.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,000,000
• Loan Type: Refinance
• Loan Terms: 5 Year Fixed, 25 Year Amortization, 4.90%
• Address: 393 93rd Street, Brooklyn
• Landlord: Pagnatiolous Zegenos
• Brokers: Russell Nova & Igor Zakh - Cornerstone Capital Financing

The financing was arranged by Russell Nova and Igor Zakh at Cornerstone Capital Financing, with a focus on achieving a low interest rate sourced from strong lender relationships. They emphasized the importance of creative advisory in today’s credit environment for medical professionals, enabling unique financing arrangements without strict occupancy requirements.