Permanent Loan - Refinance
- 45,872 SF Retail Plaza
- Granville, NY
Axiom Capital Corp. has arranged $2,150,000 in permanent financing for the refinance of a retail plaza in Granville, NY. The non-recourse loan was for 10 years amortized over 25 years. The loan demonstrated a sub 65% LTV at the time of closing.
The Property is currently 100% occupied with 5 retail tenants. Nationally recognized tenants take up 62.3% of the leased space at the Property. The Property has great visibility from Route 149 (Quaker Street). The Property is near the New York and Vermont boarder in Southern Granville just north of the intersection of Routes 22 and 149.
Major retailers in the surrounding area include Price Chopper, Dunkin Donuts, Big Lots, TD Bank, Advanced Auto Parts, Family Dollar, Rite Aid, McDonalds and Glens Falls National Bank. Price Chopper is less than 0.5 miles from the property and therefore helps draw traffic to the subject.