Citizens Private Bank Provides $13.25 Million Refinance Loan For Queens Retail Portfolio

The Queens Retail Portfolio is situated in the Bayside / Forest Hills market and falls under the retail asset type. The loan involved in this transaction was a refinance amounting to $13,250,000, with terms set for a period of 5 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $13,250,000
• Loan Type: Refinance
• Loan Terms: 5 years
• Lender: Citizens Private Bank
• Broker: Brian Flax - Meridian Capital Group

Brian Flax represented Meridian Capital Group in this transaction, facilitating a non-recourse loan with a fixed rate below 6%, which was locked at application. This loan also featured a flexible prepayment structure.