Deutsche Bank Provides $19M Bridge Loan For Long Island Retail Property

The retail property located at 17 Soundview Market Place in Long Island has recently undergone a loan transaction. The asset, owned by PEBB Enterprises and Sagamore Hill Partners, has attracted the attention of Deutsche Bank, who provided a bridge loan of $19,000,000. This loan will assist in the ongoing operations and development of the property.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $19,000,000
• Lender: Deutsche Bank
• Landlord: PEBB Enterprises & Sagamore Hill Partners

Steven Sperandio, Michael Fasano, Jake Weiss, and Brice Shafer from Ripco acted as the brokers in this transaction. Their expertise and negotiation skills facilitated a successful deal between the borrower and lender. The collaboration between the brokers and the involved parties contributed to the realization of this loan transaction.