CVS Shopping Center

Property Name: CVS Shopping Center
Location: Staten Island, NY
Property Type: Retail
Transaction Type: First Mortgage
Loan Amount: $3,500,000
Details: White Plains, NY –Jeanne Cronin, Managing Director of Q10 | New York Realty Advisors, LLC, is pleased to announce the closing of a $3.5 million first mortgage loan on a CVS-anchored neighborhood shopping center on Staten Island. The loan was placed with a NY-based lender. The interest rate was fixed for 7-years at 5.375% with an option to extend the loan for an additional 5-year term on either a fixed or floating-rate basis. The amortization was for 30-years. There was no lender fee charged. According to Cronin, "the Borrower was pleased to be able to lock the initial term of the loan for 7 years when competing lenders were offering loans with only 5 year fixed-rate terms." Q10 | New York Realty Advisors, LLC is a member of Q10 Capital, LLC a leading commercial mortgage banking and investment sales company with 26 offices in 20 states nationwide. Q10 has the resources and expertise to successfully provide debt and equity solutions to all types of real estate transactions regardless of property type, size, location and complexity. Our clients include local, regional and national developers, investors, property owners and REITS. They are given access to a wide variety of lending sources and a full range of financing products through our established relationships with local and national lending sources. For more information please contact Jeanne Cronin of Q10 | New York Realty Advisors at 914-694-6070 or visit our website at
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