Nova of The Cornerstone Group of NY arranges $2.2 million in financing for mixed-use property in Kips Bay

The Cornerstone Group of NY has advised and financed a mixed-use property located at 248 East 30th St. in the Kips Bay section of the borough. The total loan amount was for $2.2 million. The lender was undisclosed. The terms of the loan is five-year SWAP and 25-year amortization rate. The CSG - NY and SVP Russell Nova arranged financing for the borrower. The borrower is a well known real estate investor who owns 7 properties in NYC and is gradually investing in the NYC area.