5 Cuba Hill Road
KeyBank Real Estate Capital has provided a $38.1 million CMBS, first mortgage loan for a medical office property in Greenlawn, NY. Built in 1966 and renovated in 2017, the property, known as 5 Cuba Hill Road, is comprised of four, two-story buildings totaling 199,128 square feet. The property is situated on 17.7 acres of land.
William Cassidy of Key’s Commercial Mortgage Group arranged the non-recourse, fixed-rate financing with a 10-year term and 30-year amortization schedule. The loan was used to refinance existing debt.