Societe Generale Provides $15.08M Refinance Loan For Retail Property At 132-40 Metropolitan Avenue

The asset involved in this transaction is a retail property located at 132-40 Metropolitan Avenue in Queens. The retail space encompasses a total of 32,072 square feet and is associated with a loan amount of $15,085,000 secured through refinancing. The loan is structured at 2.50 over SOFR with terms of 12 months interest-only.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $15,085,000
• Loan Type: Refinance
• Loan Terms: 2.50 over SOFR, 12 months interest-only
• Lender: Societe Generale
• Representatives: Frank Stanislaski & Jack Subers - Cushman & Wakefield

This transaction was facilitated by Frank Stanislaski and Jack Subers, both representing the lending side from Cushman & Wakefield. Their involvement underscores the financial strategic planning in managing retail asset refinancing, bringing an experienced approach to the deal.