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Cornerstone Capital Arranges $4.4M Loan For Vacant Redhook Industrial Property

100 Van Brunt Street
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This Industrial property located in NY received a loan of $4,400,000 almost 4 years ago. The brokers of the deal were Sean Kuts, Alexander (Alex Nem) Nemirovskiy, and Russell Nova

Cornerstone Capital has provided financing for a vacant warehouse located at 100 Van Brunt Street in the Redhook market. The industrial property spans approximately 37,000 square feet. The loan amount obtained for this transaction is $4,400,000. The financing terms include a 10-year fixed term, 75% loan-to-value ratio, 3.5% interest rate, and a 30-year amortization period.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,400,000
  • Address: 100 Van Brunt Street
  • Market: Redhook
  • Square Footage: 37,000

Russell Nova, Sean Kuts, and Alexander Nemirovskiy from Cornerstone Capital acted as brokers for this deal. Shlomo Chartiff is the landlord of the property.

Cornerstone Capital facilitated the financing through a conventional bank, enabling the buyer to secure a loan with favorable terms. The lender offered a 10-year fixed term with a 3.5% interest rate. The loan-to-value ratio was set at 75%, and the amortization period spans 30 years. The vacant warehouse was successfully positioned for financing, demonstrating Cornerstone Capital's expertise in arranging long-term financing solutions for industrial and warehouse properties.

To navigate the transaction seamlessly, Russell Nova, Principal of Cornerstone Capital, and Sean Kuts, Relationship Manager, played crucial roles. They were able to leverage their industry knowledge and experience to support the realtors involved in the deal. Meanwhile, Alexander Nemirovskiy, Credit Officer at Cornerstone Capital, contributed to the transaction's successful completion.

This financing opportunity showcases Cornerstone Capital's commitment to understanding potential markets and approaching deals from a real estate investor's perspective. With their extensive network and expertise, they aim to guide buyers towards long-term success. Russell Nova stands by the quality of their services and is confident in their ability to deliver results.

For more information, please contact:

  • Russell Nova - Principal - 917-559-1820
  • Sean Kuts - Relationship Manager - 347-585-5212
  • Alexander Nemirovskiy - Credit Officer - 347-751-5232

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Deals
  • Location
    100 Van Brunt Street, Red Hook, Brooklyn, NY, USA100 Van Brunt Street, Red Hook, Brooklyn, NY, USA
  • Loan Value
    $4,400,000$4,400,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Sean Kuts

Sean Kuts

Deals10
Financed$37.8M

Agency

Cornerstone Capital Financing

Cornerstone Capital Financing

Agency
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Volume$724M

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Deal Summary

LOAN IMAGE: Alexander Nemirovskiy, Russell Nova & Sean Kuts DATE: 06/28/2021 ADDRESS: 100 Van Brunt Street MARKET: Redhook ASSET TYPE: Industrial ~ SF: 37,000 LANDLORD: Shlomo Chartiff BROKERS: Russell Nova (@RussellNova), Sean Kuts (@Sean_Kuts) & Alexander Nemirovskiy (@Alex_Nemy) - Cornerstone Capital (@CornerstoneCapitalOfNY) LOAN AMOUNT: $4,400,000 LOAN TERMS: 10 Year Fixed Term, 75 LTV, 3.5% Rate, 30 Year Amortization - Vacant Property NOTE FROM CORNERSTONE: @CornerstoneCapitalofNY was able to Finance this VACANT WAREHOUSE with our Conventional Bank at 75% LTV, 10 Year Fixed with 3.5% Rate on a 30 Year Amortization. STOP Borrowing Hard Money for Vacant Industrial / Warehouse. Let @CornerstoneCapitalofNY arrange the Financing and position your Buyer for Long Term success. Our Lenders understand future potential markets with the capability of Thinking like a Real Estate Investor. Our main focus is that we (Cornerstone Capital) get's your to the finish line. ......Everyday Russell Nova states, I bet my reputation on that! Our Team @RussellNova @Sean_Kuts were able to position this property for our Realtors in a seamless process @RussellNova / Russell Nova - Principal - 917 559 1820 @Sean_Kuts / Sean Kuts - Relationship Manager - 347-585-5212 @Alex_Nemy / Alexander Nemirovskiy - Credit Officer - 347-751-5232

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