Lev Capital Arranges $3M Refinance Loan For Retail Property On Hewlett Plaza

Located at 1255 Hewlett Plaza, this retail property in Hewlett has recently undergone a refinancing transaction. The property is situated in a prime market, offering excellent opportunities for businesses in the area.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $3,000,000
• Loan Type: Refinance
• Loan Terms: $3,000,000, 4.25%, 10-years, Non-recourse

The refinancing deal was facilitated by Akiva Gottlieb, Richard Sutton, and Yaakov Zar of Lev Capital. These experienced brokers successfully closed the transaction, providing expert guidance throughout the process.

This refinancing deal allows the property owner to take advantage of favorable terms, including a loan amount of $3,000,000 at an interest rate of 4.25%. With a non-recourse loan structure and a 10-year term, the property owner can benefit from improved financial flexibility and potentially secure future business growth.