The Business and Research Center
The Business and Research Center
Location: Garden City, NYProperty Type: Office/Industrial/Classroom
Size: 185,556 square feet
Investment Type: Mezzanine
Investment Size: $4,800,000
Closing Date: July 2011
RCG Longview originated a $32,800,000 loan for the acquisition of a 100% occupied two-building mixed-use property. At closing RCG placed the senior mortgage with a balance sheet lender and retained a $4,800,000 mezzanine loan. The property was completely renovated by the previous owner at a cost of over $25,000,000 and has long term leases in place with quality tenants.
