Cornerstone Capital Arranges $4.4M Loan For Vacant Redhook Industrial Property
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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
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- Location100 Van Brunt Street, Red Hook, Brooklyn, NY, USA
- Loan Value$4,400,000
- Asset TypeIndustrial
- Parties3 Brokers, 1 Agency
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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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100 Van Brunt Street
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