Meridian Capital Group Facilitates $6.55M Retail Refinance Loan In Jackson Heights, Queens

A retail property located at 74-12 37th Avenue in Jackson Heights, Queens has undergone a refinancing transaction. The loan was provided by Cathay Bank for a total amount of $6,550,000 with a 10-year term and a 6.84% interest rate. The property is owned by Humayen Khan and is represented by Matt Buggenhagen, Jason Labriola, and Anthony Colicino from the Meridian Capital Group.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $6,550,000
• Lender: Cathay Bank
• Landlord: Humayen Khan
• Brokers: Matt Buggenhagen, Jason Labriola, & Anthony Colicino - Meridian Capital Group
• Loan Type: Refinance
• Loan Terms: 10-year term, 6.84% Rate

This transaction brings together key individuals and companies in the deal. The retail property in Jackson Heights, Queens was refinanced through a loan provided by Cathay Bank. The property owner, Humayen Khan, was represented by Matt Buggenhagen, Jason Labriola, and Anthony Colicino from the Meridian Capital Group. The loan terms consist of a 10-year term with a 6.84% interest rate. These individuals and companies played crucial roles in facilitating the refinancing of the retail property.