FINANCED
Waterman Capital Bank Provides $4.1M Refinance Loan For Carroll Gardens Industrial Property
100 Huntington Street
Industrial
13,300 SF
13,300 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Industrial
13,300 sqft
The industrial property located at 100 Huntington St. in Carroll Gardens has recently undergone a refinance transaction. The property spans approximately 13,300 square feet and is owned by Shlomo Ariel.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,100,000
- Address: 100 Huntington St.
- Market: Carroll Gardens
- Lender: Waterman Capital Bank
- Landlord: Shlomo Ariel
- Brokers: Russell Nova & Sean Kuts - Cornerstone Capital
- Loan Type: Refinance
- Loan Terms: 10 Year Fixed / 4.00% Rate / 25 Year Amortization
Cornerstone Capital, represented by brokers Russell Nova and Sean Kuts, successfully secured a refinance loan for this industrial asset. Despite the current high interest rate environment and many lenders being cautious with financing, Cornerstone Capital was able to obtain financing with maximum leverage (75% Loan-to-Value) at a rate of 4.00% with a 10-year fixed term and a 25-year amortization schedule. Cornerstone Capital has been actively providing value-add financing for industrial properties, both for purchase and refinance purposes. For financing options on your next industrial or commercial property, you can contact Cornerstone Capital at the following:
Nova, Principal
Cornerstone Capital of NY
Cell: 917-559-1820
Email: [email protected]
Website: www.CSG-NY.com
Sean Kuts, Senior Relationship Manager
Cornerstone Capital of NY
Cell: 347-585-5212
Email: [email protected]
Website: www.CSG-NY.com
Players
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4
Agents
2
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1
Lenders
1
Details
FINANCED
IMAGE: Russell Nova & Sean Kuts
DATE: 07/25/2022
ADDRESS: 100 Huntington St.
MARKET: Carroll Gardens
ASSET TYPE: Industrial ~ SF: 13,300
LENDER: Waterman Capital Bank
LANDLORD: Shlomo Ariel
BROKERS: Russell Nova (@RussellNova) & Sean Kuts (@Sean_Kuts) - Cornerstone Capital (@CornerstoneCapitalofNY)
LOAN AMOUNT: $4,100,000
LOAN TYPE: Refinance
LOAN TERMS: 10 Year Fixed / 4.00% Rate / 25 Year Amortization
NOTE FROM BROKERS: @CornerstoneCapitalofNY was able to secure MAX leverage (75% LTV) Financing with the refinance of this Industrial asset, on a NO SPREAD (WSJ Prime + 0.00%) in this high interest rate environment and many lenders taking a step back towards financing. 4.00% RATE / 25 Year Amortization / 10 Year Fixed. Cornerstone Capital has Financed over 8 Industrial Assets in the Last two months for Owner Operators and have been providing Value Add from a Purchase and a Refinance perspective. CONTACT @CornerstoneCapitalof NY for Financing on your next Industrial and Commerical property and yourself at the
Russell Nova, Principal
Cornerstone Capital of NY
917-559-1820 - Cell
[email protected]
www.CSG-NY.com
Sean Kuts, Senior Relationship Manager
Cornerstone Capital of NY
347-585-5212 - Cell
[email protected]
www.CSG-NY.comView on map
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Address100 Huntington Street
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