FINANCED
Visions FCU Provides $1.2M Refinance Loan For Retail Property In Seaford
3600 Merrick Road
Retail
7,768 SF
7,768 SF
Financed 155 days ago
Summary
Loan
NEW YORK
Retail
7,768 sqft
A retail property located at 3600 Merrick Road in Seaford has recently undergone a loan transaction. The property spans across 7,768 square feet and is owned by Allon Avgi. The lender involved in this transaction is Visions Federal Credit Union. The loan amount for this refinance deal is $1,277,500 with a loan term of 15 years and an interest rate of 7.25%. The loan agreement does not include any prepayment penalties and has a loan-to-value (LTV) ratio of 70%.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,277,500
- Address: 3600 Merrick Road, Seaford
- Market: Seaford
- Square Footage: 7,768
- Lender: Visions Federal Credit Union
- Landlord: Allon Avgi
Ariel Shitrit from Refined CRE represented the landlord, Allon Avgi, in this loan transaction.
Players
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3
Agents
1
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Lenders
1
Details
FINANCED
IMAGE: Ariel Shitrit
DATE: 11/21/2023
ADDRESS: 3600 Merrick Road
MARKET: Seaford
ASSET TYPE: Retail ~ SF: 7,768
LENDER: Visions Federal Credit Union (@VisionsFCU)
LANDLORD: Allon Avgi (@AllonAvgi)
BROKER: Ariel Shitrit (@ArielShitrit) - Refined CRE
LOAN AMOUNT: $1,277,500
LOAN TYPE: Refinance
LOAN TERMS: 7.25% 15-year loan no prepay 70LTVView on map
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Address3600 Merrick Road
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