700 & 900 Corporate Blvd Newburgh, NY

October 2018 – Steve McCulloch of Houlihan-Parnes Realtors recently arranged for the refinancing of 2 buildings at 700 & 900 Corporate Blvd. in Newburgh, New York on behalf of a private partnership. The buildings total 72,000 square feet of flex space and are located within the Northeast Business Center. These two properties are fully leased to a variety of national and local businesses, are easily accessible to I87 and I84 and front on Route 17K which runs along the eastern border of Stewart International Airport. The loan was in the amount of $3,750,000, a term of 7 years, an interest rate of 5.20% and non-recourse. The lender was a regional bank.