Equitas Capital Group Arranges $2.8M Loan For Midwood Office Property

The office property located at 2083 Coney Island Ave in Midwood was involved in a closed transaction. The loan amount for this deal was $2,800,000. The loan terms included a fixed rate of 3.35% for 10 years, with a 25-year amortization and a loan-to-value (LTV) ratio of 70%. The Borrowers were able to receive a multi-million dollar cash-out.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $2,800,000
• Date: 07/02/2021
• Market: Midwood
• Image: Alex Leykind
• Broker: Alex Leykind - Equitas Capital Group

Equitas Capital Group specializes in finding tailor-made solutions to commercial real estate financing needs. With a focus on building relationships with clients, they invest time and resources in understanding their individual challenges and needs. If you are looking to finance your next commercial property, you can reach out to Equitas Capital Group at 646-637-7510.