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Brokerage
Posted: November 10, 2014
ERG Capital Advisors finances $1.1 million
ERG Capital Advisors (ERGCA) closed a loan acquisition on six parcels on Boston Rd.
ERGCA arranged a 2-year loan for 100% of the purchase price the lots in the Eastchester section of the Bronx and one lot in Connecticut.
The borrower is a long-term tenant and had an opportunity to purchase the real estate with intent to renovate and improve the space.
The loan amount was $1.1 million.
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