Cornerstone Capital Financing Secures $3.5M Refinance Loan For Mixed-Use Property In NYC

The mixed-use property located at 57 East 54th Street in New York City has undergone a refinancing transaction. The loan amount for this deal was $3,500,000. The loan terms include a 24-month interest-only period with no principal payments, no interest reserve, and non-recourse.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $3,500,000
• Landlord: Noel Kearns
• Brokers: Russell Nova & Igor Zakh - Cornerstone Capital Financing
• Loan Type: Refinance
• Loan Terms: 24 Month Interest Only, No PP, No Interest Reserve, Non-Recourse

Cornerstone Capital Financing, represented by brokers Russell Nova and Igor Zakh, successfully closed this time-sensitive refinancing deal for the mixed-use property. The transaction was completed within three days of submission, showcasing Cornerstone Capital's strong banking relationships and efficient processes. With their in-house team, including underwriters, analysts, relationship managers, and loan coordinators, Cornerstone Capital aims to provide the best financing options to their clients. For any financing requests, interested parties can reach out to Russell Nova and Igor Zakh through their contact information provided below.

Note from Broker: Cornerstone Capital Financing was able to secure the loan for this property, meeting the client's urgent needs. Their partnership with a banking institution enabled them to provide quick financing options. The focus of Cornerstone Capital is to ensure that clients receive the best possible financing options, and they offer a range of services through their experienced team.

Contact Information:

Russell Nova, Principal

Email: Russell@CSG-NY.com

Website: www.CSG-NY.com

Phone: 917 559 1820

Igor Zakh, COO

Email: [email protected]

Website: www.CSG-NY.com

Email: [email protected]