Equitas Capital Group Arranges $2.43M Acquisition Loan For Brooklyn Retail Property

The retail property located at 1378-1374 Coney Island Ave in Brooklyn was involved in a recent transaction. The property spans an area of 6,000 square feet.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $2,430,000
• Loan Type: Acquisition
• Loan Terms: 4.75% interest rate, 90% loan-to-value ratio, 10-year term, 25-year amortization, 3-year step-down prepayment (3,2,1)

The brokers representing this transaction were Alex Leykind, Michael Fey, and Sam Davidov from Equitas Capital Group. Equitas Capital Group specializes in providing tailored solutions for commercial real estate financing needs. They take a relationship-driven approach and invest time and resources to understand their clients' individual needs and challenges. Contact Equitas Capital Group at 646-637-7510 or [email protected] for assistance with financing commercial properties. Sam Davidov from Green River Capital Corp specializes in residential real estate financing. For inquiries regarding residential property financing, contact Sam Davidov at 718-200-0006.