Aditya Gauba Realty Acquires Retail Property In Syosset For $2.3M With Loan From Gold Coast Bank | 510 Jericho Turnpike | Gold Coast Bank | Michael Chelala | Retail | Loan

Summary

Loan

NEW YORK

Retail

7,650 sqft

A retail property located at 510 Jericho Turnpike in Syosset has been involved in a recent closed transaction. The property spans across 7,650 square feet and is owned by Aditya Gauba Realty, represented by Anurag Gauba. The deal was facilitated by broker Michael Chelala from Equicap, who acted as the representative for the buyer. The transaction took place on 11/07/2018.

Summary of transaction details

Property Type: Retail
Transaction Amount: $2,335,000
Loan Amount: $2,335,000
Loan Terms: 75% LTV
Lender: Gold Coast Bank
Landlord: Aditya Gauba Realty - Anurag Gauba
Broker: Michael Chelala @equicap_

During the negotiation process, Michael Chelala was able to secure a substantial cash out for the borrower, as per @lord_lala's note.

Players

All
2

Agents
1
Lenders
1

Michael Chelala

Co Founder and CEO of Citizens Debt Relief

Gold Coast Bank

Details

Deal Summary

FINANCED

IMAGE: Michael Chelala DATE: 11/07/2018 ADDRESS: 510 Jericho Turnpike MARKET: Syosset ASSET TYPE: Retail SF: 7,650 LENDER: Gold Coast Bank LANDLORD: Aditya Gauba Realty - Anurag Gauba BROKER: Michael Chelala @equicap_ LOAN AMOUNT: $2,335,000 LOAN TERMS: 75% LTV NOTE: @lord_lala Michael was able to negotiate a substantial cash out for the borrower.

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Address510 Jericho Turnpike

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