Cornerstone Capital Secures $7M Refinance Loan For Retail Property At 10504 Flatlands Avenue, Canarsie, Brooklyn

Anu Nagpal, Russell Nova, Alexander Nemirovskiy, and Igor Zakh of Cornerstone Capital Financing arranged financing for a retail property located at 10504 Flatlands Avenue in Canarsie, Brooklyn. The property spans 24,520 square feet and is owned by Zain Munasir.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,000,000
• Loan Type: Refinance
• Loan Terms: 10-Year Fixed / 6.5% Rate / 25-Year Amortization / Stepdown Pre-Pay
• Lender: Ridgewood Capital
• Brokers: Anu Nagpal, Russell Nova, Alexander Nemirovskiy, and Igor Zakh
• Loan Coordinator: Anu Nagpal
• In-House Underwriter: Igor Zakh
• Credit Manager: Alexander Nemirovsky

Cornerstone Capital is a Commercial Lending Advisory Firm that specializes in arranging financing for retail assets. They provide 10-Year Performa's for all retail properties and work closely with lenders to ensure the highest loan proceeds are obtained. Their team consists of an In-House Underwriter, Loan Coordinator, and Analyst, all dedicated to providing exceptional service.

Cornerstone Capital expresses their gratitude to the listing brokers and highlights their professionalism throughout the transaction. For inquiries or more information, the following contacts are available:

• Russell Nova, Principal - russell@csg-ny.com, 917-559-1820
• Igor Zakh, Operating Officer - igor@csg-ny.com, 917-567-1646
• Alexander Nemirovsky, Credit Manager - alexander@csg-ny.com, 347-751-5232
• Anu Nagpal, Senior Relationship Manager - anu@csg-ny.com, 914-815-4625

Cornerstone Capital thanks the client for the opportunity to secure financing on this retail property.