Flushing Bank Lends $16.5 Million For Retail Property Financing In Harriman Commons

The asset involved in the transaction is a retail property located at 290 Larkin Drive in the Harriman market. The property spans 109,667 square feet and is anchored by TJ Maxx. The loan secured for this asset amounts to $16,500,000, categorized as a refinance with a 6.35% fixed interest rate, a 3-year term, and a 30-year amortization schedule.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $16,500,000
• Loan Type: Refinance
• Address: 290 Larkin Drive
• Market: Harriman
• Asset Size: 109,667 SF
• Lender: Albert Bozzolo - Flushing Bank
• Brokers: Chesky Klein & Chaim Tessler - Meridian Capital Group

Chaim Tessler and Chesky Klein from Meridian Capital Group facilitated the financial arrangement, highlighting the transaction’s significance. The brokers played a crucial role in securing the deal, working under a commitment to deliver results proven trustworthy in the industry.