TerraCRG Concludes $12.7M in First Mortgage Financings in Brooklyn

NEW YORK—TerraCRG has recently arranged $12.7 million in debt financing loans for several properties. Senior Vice President of debt financing Efrat Sharon represented the firms in the following loans:

• A $4.5 million for a five-year, fixed-rate first mortgage refinancing for an industrial property totaling more than 100,00 sq. ft. of space in Brooklyn.

• A $3 million for a two-year floating-rate first mortgage acquisition financing for an industrial site totaling 62,000 sq. ft. in Brooklyn.

• A $5.45 million for a five-year, fixed-rate first mortgage acquisition financing for a multifamily portfolio totaling six multifamily and mixed-use properties in Brooklyn.

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