Cornerstone Capital Financing Arranges $1.7M Acquisition Loan For 15-Unit Multifamily Property In Staten Island

A 15-unit multifamily property located at 194 Seaview Avenue in Staten Island has been financed by Ridgewood Capital. The property spans an area of approximately 22,000 square feet and is owned by Dony Mehamon.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,700,000
• Market: Staten Island
• Lender: Ridgewood Capital
• Landlord: Dony Mehamon
• Brokers: Russell Nova & Igor Zakh - Cornerstone Capital Financing

Cornerstone Capital Financing played a crucial role in securing the financing for this acquisition loan on the multifamily property in Staten Island. The loan terms include a 10-year loan duration, a 6.75% interest rate, and a 30-year amortization. Notably, there are no lender fees associated with this loan.

Cornerstone Capital Financing prides itself on maintaining strong relationships with lenders, ensuring tailored financing solutions for clients. The company's loan coordinators and analysts work diligently to ensure a timely closing for each file.

For further information or inquiries about this property transaction, interested parties can contact Russell Nova, Principal at Russell@CSG-NY.com or via cell at 917-559-1820. Additionally, Igor Zakh, COO, can be reached at Igor@CSG-NY.com or via cell at 917-567-1646.