BEB Capital Secures $22.9M Loan From Investors Bank For Port Washington Office/Warehouse

12 Harbor Park Drive in Port Washington, Long Island has recently been involved in a closed property transaction. The property is an office/warehouse and spans across 135,000 square feet. The transaction took place on November 6, 2018, and the property was purchased for a loan amount of $22,900,000 with a 4.25% interest rate and a term of 7 years. The landlord of the property is @BEBCapital and the lender involved in the transaction is Investors Bank. The deal was facilitated by @Meridian.Capital.Group as the broker.

Summary of transaction details:

• Property Type: Office/Warehouse
• Transaction Amount: $22,900,000
• Interest Rate: 4.25%
• Loan Term: 7 years
• Square Footage: 135,000
• Address: 12 Harbor Park Drive, Port Washington, Long Island
• Market: Port Washington, Long Island
• Landlord: @BEBCapital
• Lender: Investors Bank
• Broker: @Meridian.Capital.Group

This deal was one of four properties owned by @BEBCapital in Harbor Park Corporate. The involvement of Lee Brodsky, Bryan Kallenberg, and Bert Brodsky, along with the brokerage firm Meridian Capital Group, played a significant role in bringing this transaction to fruition.