700-900 Corporate Blvd

Property Name: 700-900 Corporate Blvd
Location: Newburgh, NY
Property Type: Office
Transaction Type: First Mortgage
Loan Amount: $3,750,000
Details: Steve McCulloch of Houlihan Parnes Realtors LLC is pleased to announce the placement of a $3,750,000 first mortgage on the two office/flex buildings located at 700-900 Corporate Boulevard, Newburgh, NY. The non-recourse loan was done at par by a local commercial bank and has a fixed rate of 4.25% for the seven year term with a 30-year amortization schedule. The loan is prepayable throughout the term on a declining scale and also has a 5-year option to extend. The multi-tenanted buildings have a total of 72,000 square feet and are 100% occupied. Aubrey Riccardi of Goldberg Weprin Finkel Goldstein LLP represented the Borrower in the transaction.
More Info: Steve McCulloch at 914-694-6070 or contact me