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ERG Property Advisors Finances First Mortgage on a Building on Chestnut Avenue in Ronkonkoma, NY

NEW YORK — March 31, 2014 — ERG Property Advisors is pleased to announce the funding of a first mortgage on a property in Ronkonkoma, NY.
 
The property on Chestnut Avenue is located south of the Long Island Expressway.
 
The building is being used as an industrial steel production plant and is currently owner occupied. The funds will be used to refinance old debt.
 
The lot size is approximately 40,000 square feet and the building is approximately 16,250 square feet. 
 
The total mortgage amount was $700,000. Andrew Walsh at ERG Property Advisors was the exclusive originator in this transaction.
 
For more information, please contact Andrew Walsh at 646.253.0967 or awalsh@ergpa.com.
 
 
About ERG Property Advisors
 

ERG Property Advisors is a full service commercial real estate loan advisory firm and direct capital service provider based in New York City. Our core services are the arrangement of debt on investment real estate in the form of 1st and 2nd mortgages, mezzanine loans, as well as specializing in direct capital services through strategic through the arrangement and participation of equity or joint venture deals. Visit www.ergpa.com for recent deals and press coverage.  



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