Agus Holdings Secures $42 Million Refinance Loan From Wells Fargo For Retail Asset In Hempstead

The property asset involved in this transaction is a retail space located at 132-178 Fulton Avenue in Hempstead, encompassing a total square footage of 250,000. The loan amount secured for this asset is $42,000,000, intended for refinancing purposes. The landlord, Agus Holdings, acquired the property from SITE Centers for $41 million just over a year ago and has executed a value-add business plan since the purchase.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $42,000,000
• Lender: Wells Fargo
• Landlord: Agus Holdings - Josh Agus
• Broker: Daniel Fromm - Newmark

This transaction features key individuals and companies such as Josh Agus representing Agus Holdings, and Daniel Fromm acting as the broker from Newmark. Their roles were pivotal in facilitating the refinance of the retail property, aligning with the strategic plans implemented by Agus Holdings.