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1.7mm – Office – Retail – New York

Mt Vernon, NY

Transaction Summary

$1,700,000

Area Mt Vernon, NY
Property Type 5 Story Office/Retail Building
Loan Type CMBS Product - 10yr Fixed / 30yr Amortization

The Deal

How We Structured It

LFCP facilitated a 1.4mm I.O. bridge loan for the sponsor in order to clear a hard maturity default deadline. 1 year later, via our CMBS cap partners, LFCP provided a 10yr Fixed perm loan to recap the property. 3 out of the 4 office floors are under a Master Lease controlled by the Sponsor. Approx 30 day closing from signing of term sheet.

Next Step

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Track Record

More Closed Transactions

$1,575,000 Multifamily (5 Units)

$1,500,000 RETAIL - (RESTAURANT/ BAR - OWNER OCCUPIED)

Nostrand Ave. Brooklyn, NY

$3,478,000 12 Unit Multifamily Building

Connect With Us

Let's structure your deal.

Tell us about the property and the capital you need. We'll come back with real terms — and we never charge upfront fees.

Main Office2 Park Avenue, 20th Floor, New York, NY 10016
Phone (212) 537-9410
Email lending@lfairecap.com

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Established 2012, we offer NATIONWIDE commercial real estate lending solutions.

The Team

Andre Samuels
Gary Botchman
Alvin Joseph
John Myers
Eric J. Allen
Matthew Moss
Kevin Delmarr
Chad Broder
Matthew Hochstrasser
Vince Monaco
Karen Mayo
Miriam Rodriguez