TFCU Provides $23M Refinance Loan For Retail Property In Selden, NY

The property at 201-343 Middle Country Road, Selden, NY, located in Suffolk County, has recently undergone a loan transaction. The loan, dated September 30, 2022, was for the purpose of refinancing the property. tfcu''>TFCU served as the lender in the transaction, providing a loan amount of $23,000,000.00. The loan terms included a fixed interest rate of 4.125% for a 10/30 period, with a spread of 100 bps over the 10-year UST. Robert Altman of ABS Altman Warwick acted as the broker in this deal on behalf of the borrower.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $23,000,000.00
• Lender: TFCU
• Landlord: Miller Realty
• Broker: Robert Altman of ABS Altman Warwick

Robert Altman, representing ABS Altman Warwick, played a crucial role in facilitating this loan transaction for the property at 201-343 Middle Country Road. Miller Realty acted as the landlord in this deal. It is noteworthy that the loan was secured through TFCU, which provided a favorable interest rate of 4.125% over a 10/30 period, with a spread of 100 bps over the 10-year UST.