Fortune Capital Group has arranged financing for the acquisition of Ozone Park Shopping Center!

Fortune Capital Group has arranged financing for the acquisition of Ozone Park Shopping Center!
This $8.1MM loan was secured at a competitive rate of 6.77% fixed with flexible terms, enabling the borrower to optimize their investment strategy.

Transaction Details:

• Transaction Type: Sale
• Location: 137-20 Cross Bay Blvd, Ozone Park, NY 11417
• Sale Price: $14.7MM
• Loan Amount: $8.1MM
• Terms: 6.77% Fixed, 30-Year Amortization, Flex PPP, No closing costs or 3rd Party Fees – Lender Pays
• Property Details: Retail Strip, 36,000 sqft, 9 units
• Closing Date: 2/21/25
• Debt Team: Jake Gluck & Michael Helmreich – Fortune Capital Group
• Sales Team: Baruch Edelkopf & Matt Colantonio – Shuckman Realty Inc

Fortune Capital Group continues to provide tailored lending solutions to support real estate investors’ growth.

For all your financing needs, please reach out to Jake Gluck at 973-713-6673 or via email at jgluck@fortunecgr.com.