Investors Bank Provides $11.1M Construction Loan For Development Site In NJ

A development site located at 2000 Lowther Drive in NJ has been involved in a recent closed transaction. The property, owned by Salvatore Martelli, was the focus of the deal. The transaction was facilitated by broker Gregory Vassilakos from Cosmos Capital Group. Investors Bank provided a loan for the transaction, amounting to $11,162,000. The loan type was construction.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,162,000
• Address: 2000 Lowther Drive, NJ
• Landlord: Salvatore Martelli
• Broker: Gregory Vassilakos - Cosmos Capital Group
• Lender: Investors Bank
• Loan Type: Construction

It is worth noting that the property, located at 2000 Lowther Drive, is a development site. Interest in this property was facilitated by Gregory Vassilakos from Cosmos Capital Group, who represented the involved parties in the deal. The loan for the transaction, amounting to $11,162,000, was provided by Investors Bank.