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ERG Capital Advisors Announces the Financing of a Property in Bronx, New York

New York – January 29, 2015 – ERG Capital Advisors is pleased announce the closing of a loan acquisition to purchase 1325 East 222nd Street in Bronx, New York. 

The property sits in the Edenwald section of the Bronx and contains four residential units as well as one commercial unit currently housing a tenant that specializes in doors and gates. The property is located on the north side of East 222nd Street between Boston Road and Needham Avenue; it runs through to the block to 223rd Street.
 
287 Mc Lean Avenue was used as additional collateral. The property is located on the prominent Mc Lean Avenue in the south of Yonkers. The building contains seven residential apartments on three floors with 5,025 square feet.
 
The loan amount was $400,000.
 
For more information about this loan, please contact ERG Capital Advisors at 212.807.6640 or info@ergpa.com.
 
 
About ERG Capital Advisors
ERG Capital 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, and through strategic alliances with direct private lenders, the arrangement and participation of equity or joint venture deals. Visit www.ergpa.com for recent loans and press coverage.



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