Walsh of ERG originates $700,000 first mortgage

ERG Property Advisors has funded a first mortgage on a property located at 2416 Chestnut Ave., south of the Long Island Expressway. The building is being used as an industrial steel production plant and is currently owner occupied. The funds will be used to refinance old debt. The lot size is 40,000 s/f the building is 16,250 s/f. The total mortgage amount was $700,000. Andrew Walsh at ERG was the exclusive originator.