Meridian Capital Group Arranges $6.4M Refinance Loan For Islandia Retail Property | 1968 Veterans Memorial Highway | Jason Labriola, Matt Buggenhagen | Retail | Loan

Summary

Loan

NEW YORK

Retail

19,828 sqft

The retail property located at 1966-1968 Veterans Memorial Highway in Islandia was involved in a recent transaction. The property spans across 19,828 square feet and served as the asset in the deal.

Summary of transation details

Property Type: Retail
Transaction Amount: $6,400,000
Date: 08/24/2022
Market: Islandia
Brokers: Matt Buggenhagen & Jason Labriola - Meridian Capital Group

The transaction involved a refinancing loan worth $6,400,000. The loan terms include a 5-year term, 30-year amortization, 4.25% interest rate, non-recourse, and an open prepayment option.

Players

All
3

Agents
2
Agencies
1

Meridian Capital Group

Details

Deal Summary

FINANCED

IMAGE: Matt Buggenhagen & Jason Labriola DATE: 08/24/2022 ADDRESS: 1966-1968 Veterans Memorial Highway MARKET: Islandia ASSET TYPE: Retail ~ SF: 19,828 BROKERS: Matt Buggenhagen (@MBuggen2) & Jason Labriola (@JLabriola82) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $6,400,000 LOAN TYPE: Refinance LOAN TERMS: 5yr Term, 30yr Amortization, 4.25% Interest Rate, Non-Recourse, open prepayment

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Address1968 Veterans Memorial Highway

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