Freeport Industrial

Short Term Capital has funded a $1.2 million acquisition loan secured by a single story industrial building located in Freeport, NY.

The 8,538 sf property consists of a single unit located on a 0.18 acre lot.


The borrower purchased the building in order to expand his growing HVAC business. Although he would have qualified for traditional bank financing, there was a very short time frame to close due to his 1031 exchange.

“The direct lending business is getting busier as the financing markets are changing at a very rapid pace. We are here to get deals done as a direct lender or brokers depending on the needs of our clients,” said Short Term Capital’s finance director Mary Guarino.

  • $1,200,000Amount
  • Freeport, NYPlace
  • November 2022Year
  • Acquisition LoanType