FINANCED
Voya Investment Management Provides $37.5M Bridge Financing For Mayfair Shopping Center In Commack
10-2020 Jericho Turnpike
Retail
442,000 SF
442,000 SF
Financed 157 days ago
Summary
Loan
NEW YORK
Retail
442,000 sqft
The Mayfair Shopping Center, located at 10-2020 Jericho Turnpike in Commack, Long Island, has secured a $37.5 million bridge financing from Voya Investment Management. The retail property spans 221,000 square feet and is situated on a 15-acre site.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $37,500,000
- Address: 10-2020 Jericho Turnpike
- Market: Commack
- Square Footage: 221,000
- Acres: 15
Voya Investment Management, a Connecticut-based life insurance company, provided the three-year bridge financing for the Mayfair Shopping Center. The landlord of the property is The Livingston Group. The loan was facilitated by Allison Villamagna and Andrew Stewart from Cronheim Mortgage.
It is important to note that Voya Investment Management's bridge financing will support the ongoing operations and development of the Mayfair Shopping Center in Commack, Long Island.
Players
Details
FINANCED
IMAGE: Andrew Stewart & Allison Villamagna
DATE: 12/04/2023
ADDRESS: 10-2020 Jericho Turnpike
MARKET: Commack
ASSET TYPE: Retail ~ SF: 221,000 ~ ACRES: 15
LENDER: Christine Hurtsellers - Voya Investment Management (@VoyaInvestments)
LANDLORD: The Livingston Group
BROKERS: Allison Villamagna & Andrew Stewart - Cronheim Mortgage (@Cronheim_Mortgage)
LOAN AMOUNT: $37,500,000
LOAN TERMS: Three-year loan
NOTE: Voya Investment Management, a Connecticut-based life insurance company, has provided a $37.5 million bridge financing for the Mayfair Shopping Center in Commack, Long Island.View on map
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Address10-2020 Jericho Turnpike
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