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Best & Co LLC Secures $3.05M Refinance From Symetra Life Insurance For Retail Property In Manhasset
FINANCED
$3,050,000
New York
See Similar DealsRetail
Financed 04/16/2026
FINANCED
Best & Co LLC Secures $3.05M Refinance From Symetra Life Insurance For Retail Property In Manhasset
1468 Northern Boulevard
See Similar DealsRetail
Financed 04/16/2026
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
A retail property located at 1468 Northern Boulevard in Manhasset, N.Y. has undergone a refinancing transaction. The loan amount is $3,050,000, and it is provided by Symetra Life Insurance on a five-year fixed-rate term. The property is managed by Best & Co LLC.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,050,000
- Lender: Symetra Life Insurance
- Landlord: Best & Co LLC
- Brokers: Bob Bernard & Collin Lester - NorthMarq
- Loan Type: Refinance
- Date: 04/16/2026
The refinancing was arranged by brokers Bob Bernard and Collin Lester at NorthMarq, facilitating the financial transaction for the borrower, Best & Co LLC. This deal highlights the role of the brokers in securing financing for retail assets in the Manhasset market.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,050,000.00
Monthly NOI$20,333.33
Monthly Debt Service$19,278.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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