Axiom Capital Corp. has arranged $2,800,000 in permanent financing for the refinance of an office building in Clifton Park, NY. The non-recourse loan was for 10 years at a fixed rate amortized over 25 years. The loan demonstrated a sub 50% LTV at the time of closing.
The Property is ideally located within the Town of Clifton Park in Saratoga County – the fastest growing area in Upstate New York. The Property has easy ingress and egress to U.S. Route 9 and proximity to the area’s other major thoroughfares (Interstate-87 and Route 146).
The Property is located in Clifton Park’s Capital Region Business Park, which is a 66-acre commercial subdivision situated strategically on Route 9 between Exit 8A and Exit 9 due south of Sitterly Road. The Business Park is home to several technology companies including Dirad Technologies, Optionsoft Technologies, EXEControl Global Solutions, MatrixCare and Crown Castle. Axiom Capital Corp. has been a tenant in the Park for 6+years. The Business Park has outstanding access to all major highways and offers flexible office accommodations with a range of benefits including an excellent car parking provisions/ratio.