Jagdish Maaitter Refinances Yonkers Retail Property With $1,555,000 Loan

Anu Nagpal & Igor Zakh facilitated a $1,555,000 refinance loan for a retail property located at 92 Waverly Street in Yonkers. The loan features a 10-year fixed term with a 6.04% rate and a 25-year amortization schedule. The asset, a well-known Catering Hall, received capital to reinvest in its operations, benefiting from Cornerstone Capital Financing's expertise.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,555,000
• Address: 92 Waverly Street
• Market: Yonkers
• Loan Type: Refinance
• Loan Terms: 10 Year Fixed, 25 Year Amortization, 6.04% Rate with a Step Down Pre-Pay of 3/2/0/0/0
• Landlord: Jagdish Maaitter
• Brokers: Anu Nagpal & Igor Zakh - Cornerstone Capital Financing

The collaborative efforts of Anu Nagpal, Igor Zakh, and the Borrower ensured a successful refinancing process, providing the necessary capital for the Catering Hall's enhancements. Cornerstone Capital Financing prides itself on delivering value to property owners and operators, contributing to the growth and stability of local businesses in the community.