Jaspal Singh Minhas Secures $2,310,000 Loan For Retail Acquisition At 18-84 Flushing Avenue

The property asset involved in this transaction is a retail space located at 18-84 Flushing Avenue in the Ridgewood market. The asset spans 1,480 square feet and is under the ownership of Jaspal Singh Minhas. The transaction involves a loan amount of $2,310,000, which is designated for acquisition purposes, with loan terms set for 5 years. The lender for this transaction is NewBank.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,310,000
• Address: 18-84 Flushing Avenue
• Market: Ridgewood
• Landlord: Jaspal Singh Minhas
• Lender: NewBank
• Loan Type: Acquisition
• Loan Terms: 5 Years
• Asset Size: 1,480 SF

This deal involves brokers Ravinder Chopra, Kuwar Chopra, and Yuvraj Chopra from STI Consultants, a commercial finance firm that focuses on structured lending solutions across various commercial asset types in the United States. The firm has a proven track record of closing transactions, maintaining a 100% success rate for every loan undertaken, which showcases their expertise and strong lender relationships.