Construction to Permanent Financing
- 122,819 sf Retail/Office Plaza
- East Greenbush, NY
Axiom Capital Corporation announces the closing of a $12,200,000 construction to permanent loan for the redevelopment of a 122,819 SF mixed use building, in East Greenbush, New York. The property is located in one of Upstate New York’s busiest and fastest growing submarkets. The loan is secured by a former 95,719 SF department store that was redeveloped into offices and retail space. This repositioning will bring increased traffic and business to the Turnpike, while also leaving open the possibility of future development of new pad sites in the front of the property.