AMC Bank Provides $9.7M Refinance Loan For 80K SF Office In Maspeth | 50-05 Metropolitan Avenue | AMC Bank | Igor Zakh, Alexander (Alex Nem) Nemirovskiy, Russell Nova | Office | Loan

Summary

Loan

NEW YORK

Office

80,086 sqft

An 80,086 square-foot office and retail property located at 50-05 Metropolitan Ave in Maspeth was recently refinanced for $9,700,000. The property was built by the sponsor and is currently occupied at 85% capacity. The loan secured for this property has a 30-year amortization period, a 3.75% interest rate, and is non-recourse with no pre-payment penalties or phase 1 requirements.

Summary of transaction details

Property Type: Office
Transaction Amount: $9,700,000
Address: 50-05 Metropolitan Ave
Market: Maspeth
Square footage: 80,086

Cornerstone Capital of NY, represented by Russell Nova, Alex Nem, and Igor Zakh, secured and arranged the financing for this property. They worked closely with AMC Bank, the lender, to ensure all requirements were met promptly. At Cornerstone Capital, building relationships with the sponsorship and trusted lenders is a priority. Their team of underwriters, analysts, processors, loan coordinators, and credit managers collaborated to facilitate a seamless process.

For further inquiries, you can reach out to the following individuals:

Russell Nova - Cornerstone Capital Of NY - 917-559-1820 - [email protected]
Igor Zakh - Cornerstone Capital Of NY - 917-567-1646 - [email protected]
Alexander Nemirovskiy - Cornerstone Capital Of NY - 347-751-5232 - [email protected]

Players

All
5

Agents
3
Agencies
1
Lenders
1

Igor Zakh

Chief Operating Officer

Alexander (Alex Nem) Nemirovskiy

Senior Credit Officer

Russell Nova

Principal

$48.3M Sold

Cornerstone Capital Financing

AMC Bank

Details

Deal Summary

FINANCED

IMAGE: Russell Nova, Igor Zakh & Alex Nem DATE: 04/01/2022 ADDRESS: 50-05 Metropolitan Ave MARKET: Maspeth ASSET TYPE: Office ~ SF: 80,086 LENDER: AMC Bank LANDLORD: George Ligastopolus BROKERS: Russell Nova (@RussellNova), Alex Nem (@Alex_Nemy) & Igor Zakh (@Igor_Zakh) - Cornerstone Capital Of NY (@CornerstoneCapitalOfNY) LOAN AMOUNT: $9,700,000 LOAN TYPE: Refinance LOAN TERMS: Rate 3.75% (Yesss) 30 Year Amortization, No Pre-Pay, No Phase 1, Non-Recourse NOTE FROM @CornerstoneCapitalofNY: Secured & Arranged the Financing on this 80K SQ FT Office & Retail in the Heart of Maspeth NY. Sponsor build the property & leased it to 85% Occupancy. @CornerstoneCapitalofNY secured the Financing in the amount of: $9,700,000, 3.5% (Yesss). 30 Year Amortization, No Pre-Pay, No Phase 1, Non-Recourse @RussellNova, @Alex_Nemy & @Igor_Zakh, handled the Financing on behalf of sponsorship & worked directory with the Lender to ensure that all requests have been met & in a timely manner. At Cornerstone, relationship with Sponsorship & our Trusted Lender is Key 🔑, Our Team at @CornerstoneCapitalofNY handled the Underwriting, Processing & Coordination with our "Trusted Lender" @CornerstoneCapitalofNY, we have Underwriters, Analysts, Processors, Loan Coordinators & Credit Managers all working together to ensure a seamless process to the . Contact US & Envision yourself at the Russell Nova, Principal 917-559-1820 - Cell [email protected] Igor Zakh, COO 917-567-1646 - Cell [email protected] Alexander Nemirovskiy 347-751-5232 - Cell [email protected]

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Address50-05 Metropolitan Avenue

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