Cornerstone Capital Financing Secures $2.25M Acquisition Loan For Kensington Mixed-Use Property | 411 Church Avenue | Citibank | Anu Nagpal, Igor Zakh, Russell Nova | Mixed-use | Loan

Summary

Loan

NEW YORK

Mixed-use

Located at 411 Church Avenue in Kensington, Brooklyn, this mixed-use property was involved in a recent transaction. The property includes a dental practice and real estate, with financing secured by Citi Bank.

Summary of transaction details:

Property Type: Mixed-use
Transaction Amount: $2,252,400
Market: Kensington, Brooklyn
Lender: Citi Bank
Landlord: Parkesh Bandair
Brokers: Russell Nova, Anu Nagpal & Igor Zakh - Cornerstone Capital Financing
Loan Type: Acquisition
Loan Terms: 25 Year Fixed / 5.25% Rate

The deal was handled by Russell Nova, Anu Nagpal, and Igor Zakh from Cornerstone Capital Financing, positioning the buyer to acquire the asset with a strong existing dental practice. The transaction was a referral from a Realtor partner, showcasing the commitment of the brokers to provide value to medical professionals.

Players

All
5

Agents
3
Agencies
1
Lenders
1

Anu Nagpal

Senior Vice President

Igor Zakh

Chief Operating Officer

Russell Nova

Principal

$48.3M Sold

Cornerstone Capital Financing

Citibank

Details

Deal Summary

FINANCED

IMAGE: Russell Nova, Anu Nagpal & Igor Zakh DATE: 03/21/2024 ADDRESS: 411 Church Avenue MARKET: Kensington, Brooklyn ASSET TYPE: Mixed-use LENDER: Citi Bank (@CitiBank) LANDLORD: Parkesh Bandair BROKERS: Russell Nova (@RussellNova), Anu Nagpal (@Anu_Crefinancing) & Igor Zakh (@Igor_Zakh) - Cornerstone Capital Financing (@CornerstoneCapitalofNY) LOAN AMOUNT: $2,252,400 LOAN TYPE: Acquisition LOAN TERMS: 25 Year Fixed / 5.25% Rate NOTE FROM BROKER: @CornerstoneCaitalofNY secured Financing on the Dental practice along with the Real estate. @Igor_Zakh took lead on this property and handled the transaction along with @Anu_CreFianincing. We positioned the buyer to purchase this asset with a strong dental practice in place. This was a referral from a Realtor partner and it was our pleasure to get YOU TO THE CLOSING TABLE. We are very bullish on providing TRUE value add for Medical professionals. 25 YEAR FIXED with a 5 HANDLE as a rate Contact US and yourself at Igor Zakh, Operating Officer 917 567 1646 - Cell [email protected] Russell Nova, Principal 917 559 1820 - Cell [email protected] Anu Nagpal, SVP 914-815-4625 - Cell [email protected]

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Address411 Church Avenue

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