Feil Organization Secures $28 Million Refinance Loan From Mutual Of Omaha For Glen Oaks Retail Properties

The transaction involves two retail properties located at 255-01 and 255-03 Union Turnpike in Glen Oaks, Queens. The properties are secured in a refinance loan arrangement totaling $28 million, which is aimed at replacing $25 million in prior debt. The loan is instrumental for the Feil Organization in managing their retail assets.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $28,000,000
• Lender: Bradley R. Hammitt - Mutual of Omaha
• Landlord: Jeffrey J. Feil - Feil Organization
• Prior Debt: $25,000,000 from M&T Bank

Key individuals in this transaction include Bradley R. Hammitt, representing Mutual of Omaha, and Jeffrey J. Feil, representing the Feil Organization. They are pivotal in facilitating the refinance, ensuring the continuity of the properties' financial management and operational capacity.