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Hicksville, NY — $3,000,000 Commercial Loan for a Pharmacy Expansion
A $3,000,000 commercial loan at 65% LTV that financed a pharmacy’s acquisition of its Hicksville strip-mall location.
$3,000,000
Loan Amount:
LTV %:
65%
Hicksville
City:
Strip Mall (Commercial)
Property Type:
Purchase
Transaction Type:
An established pharmacy business needed to acquire its Hicksville, NY strip-mall location to expand operations — an owner-occupied commercial purchase that conventional banks tend to slow-walk with heavy documentation.
Essencap structured a $3,000,000 commercial real estate loan at 65% loan-to-value to finance the acquisition, underwriting the deal on its merits rather than forcing it into a rigid box.
The acquisition closed, giving the business ownership of its location and a foundation to expand.
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