BankUnited Provides $4.5M Loan To North Shore Linen For Package Deal In Freeport

A package deal involving two properties located at 20 Rider Place and 129 Hanse Avenue in Freeport was facilitated. The transaction involved a refinance loan amounting to $4,500,000, with terms set at a 10-year duration and an interest rate of 6.05%.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $4,500,000
• Lender: BankUnited
• Landlord: North Shore Linen
• Brokers: Matt Buggenhagen, Jason Labriola & Anthony Colicino - Meridian Capital Group
• Loan Type: Refinance
• Loan Terms: 10-year term 6.05% Rate

The brokers representing this transaction were Matt Buggenhagen, Jason Labriola, and Anthony Colicino from Meridian Capital Group, playing a crucial role in securing the financing for the landlord, North Shore Linen, through BankUnited.