Visions Federal Credit Union Provides $5.2M Acquisition Loan For Retail Center In Cicero NY

A retail shopping center located at 7687-7785 Frontage Road in Cicero, NY has a total square footage of 165,225. The loan amount secured for this acquisition is $5,200,000, with terms structured at 65% loan-to-value, 5/25, and an interest rate of 6.75%. Notably, there is no prepayment penalty associated with this loan.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,200,000
• Address: 7687-7785 Frontage Road
• Market: Cicero, NY
• Lender: Visions Federal Credit Union
• Landlord: Bet Cicero
• Broker: Morris Dweck - KSR
• Loan Terms: 65% LTV, 5/25, 6.75%, No Prepayment Penalty

Morris Dweck from KSR facilitated the permanent financing for the retail shopping center deal. For financing inquiries, please contact Morris Dweck at [email protected].