Capstone Equities Buys Nonperforming Loan on Garden City, N.Y., Office Complex

Maxim Capital provided $41 million note-on-note financing for Capstone’s $51 million purchase of the $95 million loan, which was previously held by Bank of America. 

Garden City Plaza, a 600,000-square-foot property in Nassau County owned by Treeline Properties, includes the addresses 100 through 400 Garden City Plaza. The note sale was cooperative, and Treeline remains in the deal. 

Read the full article here: Capstone Equities Buys Nonperforming Loan on Garden City, N.Y., Office Complex – Commercial Observer