Vanta Development Refinances Orange & Vernon, NJ Package Deal For $6M With JG Funding Corp

Jeremy Goldzal & Josh Grunzweig facilitated a loan transaction for a package deal involving multiple properties in Orange and Vernon, NJ. The properties included in the deal are located at 475 Main Street, 91 Main Street, 748 Berkeley Avenue, 636 Central Avenue, and 114 RT 94 and MC AFEE, with a total square footage of 1,507,000.

Summary of transaction details

• Property Type: Package Deal
• Transaction Amount: $6,000,000
• Loan Type: Refinance
• Loan Terms: 1st Lien, 12 months + extensions; I/O payment
• Lender: JG Funding Corp
• Landlord: Vanta Development

The loan amount for this transaction was $6,000,000, and it was used to refinance the properties. The loan terms included a 1st lien and a repayment period of 12 months with the possibility of extensions. Interest-only payments were required.