FINANCED
Cornerstone Capital Secures $5.1M Acquisition Loan For Bellmawr Retail Property
367 East Browning Road
Retail
63,561 SF
63,561 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
Retail
63,561 sqft
A retail property located at 367 East Browning Road in Bellmawr, NJ has been involved in a recent loan transaction. The property spans a total of 63,561 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,100,000
- Landlord: Khavin Renata
Russell Nova, Alexander Nemirovskiy, and Igor Zakh from Cornerstone Capital Financing served as brokers in the loan transaction. The loan amount secured for the acquisition was $5,100,000, with a loan-to-value ratio of 70%. The loan has a fixed rate of 6.5% for a period of 5 years, and the amortization schedule is set at 25 years.
Note from Cornerstone Capital: The financing for this shopping center property was successfully secured by Cornerstone Capital Financing on behalf of the buyers. The team at Cornerstone Capital worked closely with the lender to underwrite the asset and secure the highest loan-to-value ratio possible.
To contact the representatives from Cornerstone Capital Financing, use the following details:
- Russell Nova - Cornerstone Capital Financing - 917-559-1820 - [email protected]
- Igor Zakh - Cornerstone Capital Financing - 917-567-1646 - [email protected]
- Alexander Nemirovskiy - Cornerstone Capital Financing - 347-751-5232 - [email protected]
Players
Details
FINANCED
IMAGE: Alexander Nemirovskiy, Russell Nova & Igor Zakh
DATE: 03/08/2023
ADDRESS: 367 East Browning Road
MARKET: Bellmawr, NJ
ASSET TYPE: Retail ~ SF: 63,561
LANDLORD: Khavin Renata
BROKERS: Russell Nova (@Russellnova), Alexander Nemirovskiy (@Alex_Nemy) & Igor Zakh (@Igor_Zakh) - Cornerstone Capital Financing (@CornerstoneCapitalofNY)
LOAN AMOUNT: $5,100,000
LOAN TYPE: Acquisition
LOAN TERMS: $5,100,000 / 70 LTV / 6.5% Rate / 5 Year Fixed / 25 Year Amortization
NOTE FROM @CornerstoneCapitalofNY: We secured the Financing on this Shopping Center property by working on behalf of the buyers. We have been a leader in the Shopping Center space by securing appropriate debt geared for each buyer. Our team did a full underwriting on this asset accordingly with the Lender and was able to secure the Highest LTV on this asset. Relationship Matters and @CornerstoneCapitalofNY, we take this very seriously. Contact US and yourself at the
Russell Nova, Principal
917-559-1820 - Cell
[email protected]
Igor Zakh, Operating Officer
917-567-1646 - Cell
[email protected]
Alexander Nemirovsky, Credit Manager
347-751-5232 - Cell
[email protected]View on map
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Address367 East Browning Road
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