Cornerstone Capital Secures $7M Refinance Loan For Retail Property At 10504 Flatlands Avenue, Canarsie, Brooklyn | 10504 Flatlands Avenue | Ridgewood Capital | Anu Nagpal, Igor Zakh, Alexander (Alex Nem) Nemirovskiy, Russell Nova | Retail | Loan

Summary

Loan

NEW YORK

Retail

24,520 sqft

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 - [email protected], 917-567-1646
Alexander Nemirovsky, Credit Manager - [email protected], 347-751-5232
Anu Nagpal, Senior Relationship Manager - [email protected], 914-815-4625

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

Players

All
6

Agents
4
Agencies
1
Lenders
1

Anu Nagpal

Senior Vice President

Igor Zakh

Chief Operating Officer

Alexander (Alex Nem) Nemirovskiy

Senior Credit Officer

Russell Nova

Principal

$48.3M Sold

Cornerstone Capital Financing

Ridgewood Capital

Details

Deal Summary

FINANCED

IMAGE: Anu Nagpal, Russell Nova, Alexander Nemirovskiy & Igor Zakh DATE: 09/26/2023 ADDRESS: 10504 Flatlands Avenue MARKET: Canarsie, Brooklyn ASSET TYPE: Retail ~ SF: 24,520 LENDER: Ridgewood Capital LANDLORD: Zain Munasir BROKERS: Anu Nagpal (@Anu_Crefinancing), Russell Nova (@RussellNova), Alexander Nemirovskiy (@AlexNemy) & Igor Zakh (@Igor_Zakh) - Cornerstone Capital Financing (@CornerstoneCapitalofNY) LOAN AMOUNT: $7,000,000 LOAN TYPE: Refinance LOAN TERMS: 10-Year Fixed / 6.5% Rate / 25-Year Amortization / Stepdown Pre-Pay NOTE FROM BROKER: @CornerstoneCapitalofNY has always been bullish on Retail Assets, and we had the pleasure of Arranging Financing on this asset for our client. Uncertainty in the market is real, and it is imperative to work with a Commercial Lending Advisory Firm that understands bank guidelines and requirements. Cornerstone Capital underwrites and provides 10-Year Performa’s on all Retail Assets. We guide and assist with other Income opportunities and work with our Lender for Approval and the highest proceeds available. We have an In-House Underwriter, Loan Coordinator, and Analyst, all geared toward providing unparalleled service. Thank you for your and the ability to secure Financing on this asset. Great working with the listing Brokers on this property. True Professionals Contact US and yourself at the Russell Nova, Principal [email protected] 917-559-1820 - Cell Igor Zakh, Operating Officer [email protected] 917-567-1646 - Cell Alexander Nemirovsky, Credit Manager [email protected] 347-751-5232 - Cell Anu Nagpal, Senior Relationship Manager [email protected] 914-8154625 Thank you to the client!

View on map

Address10504 Flatlands Avenue

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want