Aegean Mortgage Provides $5.7M Refinance Loan For 25,000 SF Mixed-Use Property In New York City

The mixed-use property located at 40-13 30th Avenue in New York City has undergone a refinancing transaction. The property spans a total of 25,000 square feet and is owned by Villa Gaudio, represented by Salvator Gaudioc. Aegean Mortgage, represented by John Lagoudis, served as the mortgage broker for the transaction.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $5,700,000
• Loan Type: Refinance
• Loan Terms: Rate 5.5%, Term 5+5+5/ 30 Year Amo, No Prepayment and No Recourse

The main parties involved in the deal were Salvator Gaudioc as the owner of Villa Gaudio and John Lagoudis as the representative of Aegean Mortgage. The refinancing loan amount secured for the property was $5,700,000 with a loan type of refinance. The loan terms included a fixed rate of 5.5% and a term structure of 5+5+5 with a 30-year amortization period. Importantly, the loan came with no prepayment penalties and had no recourse.