
05/27/2023
LOAN
IMAGE: Andrew Zambratto & Corey Gluckstal
DATE: 05/18/2023
ADDRESS: 1590 Lakeland Avenue
MARKET: Suffolk County
ASSET TYPE: Self Storage ~ SF: 76,000
LENDER: Extra Space Capital
LANDLORD: Peconic Equities
LOAN AMOUNT: $13,900,000
LOAN TYPE: Bridge
LOAN TERMS: 3 Years, Interest Only
NOTE FROM LANDLORD: Peconic Equities closed a $13,900,000 bridge loan for their 636-unit self-storage facility managed by Extra Space Storage. Located near MacArthur Airport at 1590 Lakeland Avenue, Bohemia, NY, the self-storage facility is the first out of four self-storage projects to open developed by Peconic Equities.
LOAN
IMAGE: Andrew Zambratto & Corey Gluckstal
DATE: 05/18/2023
ADDRESS: 1590 Lakeland Avenue
MARKET: Suffolk County
ASSET TYPE: Self Storage ~ SF: 76,000
LENDER: Extra Space Capital
LANDLORD: Peconic Equities
LOAN AMOUNT: $13,900,000
LOAN TYPE: Bridge
LOAN TERMS: 3 Years, Interest Only
NOTE FROM LANDLORD: Peconic Equities closed a $13,900,000 bridge loan for their 636-unit self-storage facility managed by Extra Space Storage. Located near MacArthur Airport at 1590 Lakeland Avenue, Bohemia, NY, the self-storage facility is the first out of four self-storage projects to open developed by Peconic Equities.