380 Eastern Parkway, Farmingdale, NY
Farmingdale, NY
$19M Transaction
196,000 Gross Sq Ft.
Land Loan
Property Representative
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Expertise
- Commercial Financing & Lending
- Real Estate Broker/Sales Agent
- Multi-Family Lending Analyst
Transaction Highlights
- Property Type: Development Site
- Transaction Amount: $19,000,000
- Landlord: Mohinder Singh
- Loan Type: Construction
Property Notes
The property asset involved in this transaction is located at 380 Eastern Parkway in Farmingdale. This multifamily property spans 78,000 square feet and consists of 48 units. The landlord for this property is Mohinder Singh. A construction loan of $19,000,000 has been secured against the asset, with the loan terms set for 2 years. Key individuals involved in this transaction include Mike Hennessy and Adam Kaplan, who represent the landlord in this loan deal. They are affiliated with Scouter Capital, providing their expertise in the financing process for this multifamily property.