The property at 87-131 Sunset Avenue in Westhampton Beach, a retail asset, was subject to a refinancing transaction. The loan, totaling $10,000,000, was secured with a fixed interest rate of 5.71% for a term of 5 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,000,000
• Lender: John Boyt & Brett Gaffan - Grant Street Funding
• Landlord: Pan Brothers Associates
• Brokers: Max Herzog, Marko Kazanjian, Andrew Cohen & Max Hulsh - Institutional Property Advisors (IPA)

The loan for the property was provided by John Boyt and Brett Gaffan from Grant Street Funding. The landlord, Pan Brothers Associates, facilitated this refinancing deal. Serving as brokers in this transaction were Max Herzog, Marko Kazanjian, Andrew Cohen, and Max Hulsh from Institutional Property Advisors (IPA).