Silver Arch Capital Partners Provides $5.66M Loan To BGNYAVE LLC For 16-Unit Apartment Building

The transaction involves a fully leased 16-unit apartment building located at 1080 New York Avenue in Huntington Station, Long Island. This property also features two ground-floor retail spaces, contributing to its appeal in the market. The asset received a loan amount of $5,660,000 from Silver Arch Capital Partners, indicating the significant financial backing for its continued operation and management.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $5,660,000
• Address: 1080 New York Avenue
• Market: Huntington Station
• Units: 16
• Lender: Silver Arch Capital Partners
• Landlord: BGNYAVE LLC

Silver Arch Capital Partners structured the financing with a competitive interest rate, enabling BGNYAVE LLC to capitalize on future market opportunities and potential refinancing conditions. This detail highlights the strategic financial aspects of the deal, ensuring the landlord is well-positioned for future growth.