Axiom Capital arranges $3.1 million permanent financing

Greece, NY Axiom Capital Corp. has arranged $3.1 million in permanent financing for the refinance of a retail/ office plaza. The non-recourse loan was for 10 years at a fixed rate amortized over 30 years. The loan demonstrated a sub 60% LTV with a strong DSCR.

The plaza is located along the area’s major retail and traffic corridor with access and visibility with average daily traffic count of over 35,000 vehicles. The plaza is a premier strip center in the area offering a variety of shopping options, professional and medical services and other conveniences. With outdoor covered promenades, extended overhangs, comprehensive landscaping and artistic touches, the plaza has become a go to place for local residents to shop, eat, work and play.

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Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

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