Cornerstone Capital Financing Secures $2.25M Acquisition Loan For Kensington Mixed-Use Property

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.