Capstone Secures $27.25 Million Refinance Loan From Basis Investment Group For Plaza 44 Retail

The asset involved in this transaction is a retail property located at 15 Burnett Boulevard - Plaza 44 in the Poughkeepsie market. A refinance loan amounting to $27,250,000 was secured for the property.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $27,250,000
• Lender: Basis Investment Group
• Landlord: Capstone - Mitch Adelstein & Rob Friedberg
• Title Insurance Representative: Jim Reichert - Kensington Vanguard National Land Services
• Loan Type: Refinance

The transaction featured Mitch Adelstein and Rob Friedberg representing the landlord Capstone. Jim Reichert served as the title insurance representative from Kensington Vanguard National Land Services, playing a significant role in the execution of the deal.