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Retail

Permanent Loan - Refinance

  • $1,200,000
  • 39,242 sf Retail Plaza
  • Burnt Hills, NY

Axiom Capital Corporation has arranged $1,200,000 in permanent financing for a 39,242 SF retail strip plaza located in Burnt Hills, NY. The loan was for 10 years at a fixed rate and demonstrated a 1.76x Debt Service Coverage, at a 69% LTV amortized over 20 years.

Nationally recognized tenants located at the subject property include Dollar General, United Auto Supply, and Subway. The subject property is located within the suburb of Balston/Burnt Hills within Saratoga County in the Capital District of NY. Balston/Burnt Hills is one of the area’s suburbs experiencing significant and steady population growth, 12% since 2000, due to the Capital District’s emergence as one of the world leaders in semiconductor and nanotech manufacturing and research.