The Kontos Group Secures $2.5M Bridge Loan For Development Site In Raritan

The Kontos Group, a New Jersey-based development company, has secured a Bridge Loan for their development site in Raritan Township. The site, located at 99 Us Route 202, spans across 18 acres and will consist of 211,564 square feet of self storage and flex industrial space. The property is situated within a redevelopment zone in the market of Raritan.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $2,475,000
• Lender: Brunswick Bank & Trust
• Landlord: The Kontos Group - Valentino Kontos & Maik Kontos
• Loan Type: Bridge Loan
• Loan Terms: 24 months IO

The Kontos Group specializes in ground-up development and has successfully secured funding for their latest project. The Bridge Loan from Brunswick Bank & Trust will provide the necessary capital for the development of the self storage and flex industrial space on the 18-acre site in Raritan Township. This project aligns with The Kontos Group's focus on creating innovative and functional commercial properties within the region.