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Axiom Blog

Axiom Capital Corp. announces $2,500,000 closing in Amsterdam, NY

Axiom Capital - Monday, August 21, 2017

Axiom Capital Corporation announces the closing of a $2,500,000 permanent loan for the refinance of a 8,955 SF medical office building in the City of Amsterdam, Montgomery County, New York.  The property has an ideal location along Route 30, one of the main thoroughfares in Amsterdam, and is located a short commute from the New York State Thruway, the Adirondack Mountains, the Lake George Region, Sacandaga Lake, and Saratoga Springs. 

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Axiom Capital Corp. announces $46,750,000 closing in Upper Macungie, PA

Axiom Capital - Thursday, August 10, 2017

Axiom Capital Corporation announces the closing of a $46,750,000 permanent loan for the refinance of a 378 unit apartment complex in Upper Macungie, Lehigh County, Pennsylvania.  The community sits on 36 acres and consists of 27 two and three story buildings each comprised of 14 one and  two bedroom units. The apartment community offers many amenities to its residents including a shared clubhouse, landscaped pool and pool deck, picnic area, business center, fitness center, playground, and a 2:1 ratio for parking.  The community is considered one of the most ideal living locations in the region with access to employment centers, entertainment/shopping, and an excellent school district.  It is conveniently located just 1.5 miles from the interstate and is in close proximity to a new multi-tenant retail center which houses Whole Foods, Costco, Target, and Nordstrom Rack as well as others. Also close by is a 139,000 SF casino with 8 restaurants, an indoor outlet shopping center with high end outlet stores, a popular baseball teams’ stadium, and an 8,500 seat hockey arena.  

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Axiom Capital Corp. announces $11,800,000 closing in Glenmont, NY

Axiom Capital - Friday, July 28, 2017

Axiom Capital Corporation announces the closing of an $11,800,000 permanent loan for the refinance of a 137,406 SF grocery anchored shopping center and three outbuildings.  Located in Albany County, the plazas’ major chain grocery store is joined by other national retailers, a commercial bank and restaurants which serve the towns of Glenmont, Delmar, Selkirk and Southwestern segments of the City of Albany. This area is part of the Albany-Schenectady-Troy Metropolitan statistical area which is the fourth largest in New York State. 

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Axiom Capital Corp. announces $36,000,000 closing in Philadelphia, PA

Axiom Capital - Monday, July 17, 2017

Axiom Capital Corporation announces the closing of a $36,000,000 permanent loan for the refinance of a 276,815 SF office/retail building in the heart of Philadelphia, PA. The property is a 22-story high end class B+ office building with retail on the lower level and a 54,000 SF attached garage. Overall occupancy at the property at the time of closing was more than 93%. The building is newly renovated with over $11 million in capital improvements made over the past few years including façade and lobby renovations, new elevator system, new HVAC, windows, lighting, roof, hallways, and restrooms. The improvements to the building as well as its location in Philadelphia’s downtown retail corridor make it an ideal location for smaller to mid-sized tenants.  

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Axiom Capital Corp. announces $7,500,000 closing in NYC, NY

Axiom Capital - Friday, July 14, 2017

Axiom Capital Corporation announces the closing of a $7,500,000 permanent loan for the refinance of a trophy property located less than half a block from Union Square, in the Union Square neighborhood of Manhattan, NY. The subject property consists of 4 stories and is 15,407 SF.  The building is home to a world-famous theatre and film institute, which has resided in the building for over 45 years. Some of the graduates of the institute include names like Robert De Niro, Al Pacino, Marilyn Monroe, Barbara Streisand, Alex Baldwin, and Angelina Jolie to name a few. The institute also has associations with New York University and NYU’s Tisch School of the Arts. 

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Axiom Capital Corp. announces $23,000,000 closing in Guilderland, NY

Axiom Capital - Wednesday, July 05, 2017

Axiom Capital Corporation announces the closing of a $23,000,000 permanent loan for the refinance of a 274 unit, class B, apartment complex plus construction of an additional 20 units.  The property sits on 18.61 acres and consists of studio, one-bedroom, two-bedroom, and three-bedroom units.  Unit amenities include: private entrances, balconies & patios, walk-in closets, fireplaces, garages, vaulted ceilings, and central air, to name a few.  Community amenities include: a clubhouse, indoor racquetball court, business center, basketball court, swimming pool, playground, 24-hour fitness center, tennis courts, and picnic areas with grill. The subject property is in Guilderland, NY conveniently located near major roadways, important services, amenities, shopping, entertainment, several major college campuses, businesses, and employment opportunities, making it a consistently popular rental location. The uniquely varied nature of the Capital District provides residents with opportunities represented by world-class higher education, research, health care, retail, commerce, transportation, and cultural affairs while also providing a community environment in both a suburban and rural setting.  

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Axiom Capital Corp. announces $21,140,000 closing in Garfield, NJ

Axiom Capital - Wednesday, July 05, 2017

Axiom Capital Corporation announces the closing of a $ 21,140,000 permanent loan for the acquisition of two newly constructed apartment buildings located in Garfield, NJ.  The subject property consists of 102 units and upon completion will be part of a larger luxury apartment community located on approximately 13.13 acres consisting of townhouses, a shared common area/clubhouse, swimming pool, and fitness center.  The community is 17 miles from Manhattan, NY with immediate access to mass transit and major highways.   

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Axiom Capital Corp. announces $25,500,000 closing in Poughkeepsie, NY

Axiom Capital - Tuesday, June 27, 2017

Axiom Capital Corporation announces the closing of a $25,500,000 permanent loan for the refinance of a 352-unit apartment complex located in the City of Poughkeepsie, NY. The property is approximately 26.14 acres and consists of 21 garden style apartment buildings, two maintenance buildings, a fitness center, a playground, and additional related parking areas.  Poughkeepsie is located in the Hudson Valley midway between New York City and Albany and is part of the New York metropolitan area. 

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Axiom Capital Corp. announces $36,000,000 closing in Wilton, NY

Axiom Capital - Saturday, June 24, 2017

Axiom Capital Corporation announces the closing of a $36,000,000 permanent loan for the acquisition of a 438,097 SF grocery anchored power center in the Town of Wilton, Saratoga County, NY. The center has a complimentary mix of retailers, restaurants and other services. This shopping center is strategically located with excellent frontage (1,600± feet) and signalized access on Route 50, the area’s primary retail corridor (31,950± cars per day). The center is easily accessible with 6 means of ingress and 5 means of egress and enjoys easy access to the area’s major thoroughfares, 1.37 miles from Route 9 (14,100+/- cars per day), 1.15 miles from Route 29 (15,200 +/- cars per day), and less than 0.5 miles from I-87 (48,600 +/- cars per day). At closing, the center was 100% leased by anchors Target (with pharmacy), Home Depot, and Market 32 by Price Chopper (with pharmacy), as well as nationally recognized tenants including Staples, PetSmart, A.C. Moore, Rite Aid, Barnes & Noble, GameStop, VisionWorks, GNC, and Supercuts, and several local tenants. The Wilton/Saratoga Springs area is one of the Capital Districts busiest and fastest growing submarkets. 

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Axiom Capital Corp. announces $6,500,000 closing in Totowa, NJ

Axiom Capital - Friday, June 02, 2017

Axiom Capital Corporation announces the closing of a $6,500,000 permanent loan for the refinance of a multi-tenant, single story retail building comprised of 1.43 acres located in Totowa, Passaic County, New Jersey. The building is 21,250 SF occupied by three retail stores including the national tenants Casual Male and Verizon Wireless. Passaic County, is part of the New York metropolitan area, and is one of the most densely populated and intensively developed areas in the country. The town in which the property is located has a diversified economic base and is one of the more affluent regions of New Jersey. It is a desirable suburban community with a well-balanced mix of property types. The area has good access to regional highway systems and is quite diverse in terms of employment opportunities.  

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