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

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Capstone Equities purchased a $95 million nonperforming loan secured by Garden City Plaza, a multi-building office complex in Garden City, New York, for $51 million. Maxim Capital provided $41 million in note-on-note financing for the transaction.

Josh Zamir has a new investment in his portfolio.  The Capstone Equities founder has purchased the nonperforming loan on Garden City Plaza, a multi-building office complex in Garden City, N.Y., Commercial Observer has learned.  Maxim Capital provided $41 million note-on-note financing for Capstone’s $51 million purchase of the $95 million loan, which was previously held […]