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Cornerstone Capital Arranges $3.6M Loan For Industrial Property In Red Hook

75 Van Brunt
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This Industrial property located in NY received a loan of $3,600,000 over 2 years ago. The brokers of the deal were Sean Kuts, Alexander (Alex Nem) Nemirovskiy, and Russell Nova

A loan of $3,600,000 was secured for an industrial property located at 75 Van Brunt Street in Red Hook. The loan term is set at 10 years with a fixed interest rate of 3.75% and a 30-year amortization schedule. The property, owned by Shlomo Chartiff, is a part of the thriving industrial market in Red Hook.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,600,000
  • Address: 75 Van Brunt Street
  • Market: Red Hook

Russell Nova, Sean Kuts, and Alexander Nemirovskiy from Cornerstone Capital acted as brokers in the transaction on behalf of the purchaser. They successfully executed the deal, leveraging Cornerstone Capital's expertise in financing industrial properties. The team at Cornerstone Capital, with their senior analysts, loan coordinators, and relationship managers, are equipped to analyze and structure loan requests for commercial and multifamily properties.

For this loan transaction, Russell Nova served as the principal, and he can be contacted via email at [email protected] or phone at 917-559-1820. Sean Kuts, the Relationship Manager, can be reached at [email protected] or 347-585-5212. Alexander Nemirovskiy, the Credit Officer, can be contacted at [email protected] or 347-751-5232.

The loan provided by Cornerstone Capital enables the purchaser to maximize their purchasing potential with access to over 65 commercial banks, further cementing Cornerstone Capital's position as a trusted lending partner in the industry.

View Related

Deals
  • Location
    75 Van Brunt Street, Red Hook, Brooklyn, NY, USA75 Van Brunt Street, Red Hook, Brooklyn, NY, USA
  • Loan Value
    $3,600,000$3,600,000
  • 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
Deals148
Volume$724M

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Deal Summary

LOAN IMAGE: Alexander Nemirovskiy, Russell Nova & Sean Kuts DATE: 08/12/2021 ADDRESS: 75 Van Brunt MARKET: Red Hook ASSET TYPE: Industrial LANDLORD: Shlomo Chartiff BROKERS: Russell Nova (@RussellNova), Sean Kuts (@Sean_Kuts) & Alexander Nemirovskiy (@Alex_Nemy) - Cornerstone Capital (@CornerstoneCapitalOfNY) LOAN AMOUNT: $3,600,000 LOAN TERMS: 10 Year Fixed. 3.75%. 30 Year Amortization NOTE FROM @CornerstoneCapital: Russell Nova states: @CornerstoneCapitalofNY Does it again with Industrial Properties. DO NOT pay Hard Money or Bridge to Finance Industrial Properties. Allow @CorenrstoneCapitalofNY to size up & analyze any Commercial & Multifamily Request, as we have Senior Analysts, Loan Coordinators & Relationship Managers all geared towards structuring your Loan Request. Congrats to our Team @RussellNova, @Sean_Kuts & @Alex_Nemy on the execution for the Purchaser. We look forward to maximizing your Purchasing Potential with our 65+ Commercial Banks. @CornerstoneCapitalofNY. isn't just a but a lifestyle at Cornerstone Capital 👤Russell Nova 📧 Principal - [email protected] 📱 917 559 1820 👤Sean Kuts - Relationship Manager 📧 [email protected] 📱 347 585 5212 👤Alexander Nemirovskiy - Credit Officer 📧 [email protected] 📱 347 751 5232

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