Island Federal Credit Union Provides A $7M Acquisition Loan For Retail Property In Bushwick

Located at 1291 Broadway in Bushwick, this retail property spans 16,084 square feet. The property was recently involved in a closed transaction for acquisition.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $7,000,000
• Address: 1291 Broadway
• Market: Bushwick
• Lender: Island Federal Credit Union
• Landlord: Bryan Murphy
• Mortgage Brokers: Lynn Marcello & Nicole Schmidt - B6 Real Estate Advisors
• Seller's Representative: DJ Johnston - B6 Real Estate Advisors
• Loan Type: Acquisition
• Loan Terms: 78% LTV, 4.25%, 7 Year Term, No Pre-Payment Penalty

The loan for the acquisition of this retail property was facilitated by B6 Real Estate Advisors, with Lynn Marcello and Nicole Schmidt acting as mortgage brokers. DJ Johnston, also from B6 Real Estate Advisors, represented the seller in the transaction.