Industrial Property Loan Closed: $4.2MM Conventional Refinance
Liberty SBF provided a $4,160,000 Conventional loan for the refinance of an industrial property located in Brooklyn, NY for an online retailer of bicycle products, parts, and accessories.
The borrower operates their business out of a warehouse and office located on the first floor of the 9,704 SF two-story building. A tenant runs a dance studio on the second floor. The company has 59% occupancy of the total square footage of the property to run its business., primarily selling its inventory on Amazon where it has extensive experience operating on the platform and using Amazon’s fulfillment services.