Axiom Capital Corp. has structured and arranged a $3,872,000 construction to permanent loan for the redevelopment of a vacant 21,235 square foot historical building located in Troy, New York.
Upon completion, the property will be a multi-faceted, mixed-use building with 14 units of multifamily and 6,048 square feet of commercial space situated on 0.14 acres. The unit mix will include one-bedroom, one-bathroom with a large den and two-bedroom, two-bathroom apartments with a large den. Certain units will offer terraces/ deck as well as views of the Hudson River. The commercial space will be located on the first floor (fronting on River Street) and lower level (fronting on Front Street). The property is within 2.0 miles (5+ minutes) of two major commuting thoroughfares, Alternate Route 7 and Interstate 787 (and quick access to Interstate 90), offering easy access to much of the Capital District.