Equitas Capital Group Arranges $2.2M SBA 7A Loan For Office Building In Nassau County
45 Glen Cove Road, Greenvale, New York 11548, United States
$2,167,500
$360/SF
Building Size
6,020 SF
Asset Type
Office
Closing
Feb 8, 2022
AI
Located at 45 Glen Cove Rd in Nassau County, this office property spans 6,020 square feet. The transaction took place on February 9, 2022, involving Layliev Law & Leo Shalit PC as the landlord.
Summary of transation details
- Property Type: Office
- Transaction Amount: $2,167,500
- Loan Type: Owner Occupied SBA 7A
- Loan Terms: LTC: 85%, Term: 25 years, Amortization: 25 years
Alex Leykind and Michael Fey from Equitas Capital Group represented the buyer and tenant in this deal. Equitas Capital Group specializes in providing tailored solutions for commercial real estate financing needs. They invest time and resources in understanding their clients' specific requirements and challenges, approaching each loan from an individual perspective.
If you're looking to finance your next commercial property, you can contact Equitas Capital Group at 646-637-7510 or send an email to [email protected].
Players
Greenvale Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.32%
Cash-on-Cash
-2.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93