Jagdish Maaitter Refinances Yonkers Retail Property With $1,555,000 Loan | 92 Waverly Street | Anu Nagpal, Igor Zakh | Retail | Loan

Summary

Loan

NEW YORK

Retail

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.

Players

All
3

Agents
2
Agencies
1

Anu Nagpal

Senior Vice President

Igor Zakh

Chief Operating Officer

Cornerstone Capital Financing

Details

Deal Summary

FINANCED

IMAGE: Anu Nagpal & Igor Zakh DATE: 03/13/2024 ADDRESS: 92 Waverly Street MARKET: Yonkers ASSET TYPE: Retail LANDLORD: Jagdish Maaitter BROKERS: Anu Nagpal (@Anu_Crefinancing) & Igor Zakh (@Igor_Zakh) - Cornerstone Capital Financing (@CornerstoneCapitalofNY) LOAN AMOUNT: $1,555,000 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 NOTE FROM BROKER: @CornerstoneCapitalofNY had the pleasure of Refinancing this well known Catering Hall in Yonkers NY. Anu Nagpal and Igor Zakh worked hand in hand with the Borrower to ensure we catered to the proper loan requested. This provided the Borrower capital to invest back into the asset as this is a staple in the community. @CornerstoneCapitalofNY takes pride in the ability to be a Value Add to all owners and operators. Contact US and yourself at the Igor Zakh, Operations Officer 917 567-1646 - Cell [email protected] Anu Nagpal, SVP 914-815-4625 - Cell [email protected]

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Address92 Waverly Street

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