Leopard Capital Arranges $10 Million Refinance For North Avenue Development In Dunellen, NJ

The property involved in this transaction is a development site located at 126 North Avenue, Dunellen, NJ. It falls within the Dunellen market and is subject to a refinance loan amounting to $10,000,000. The refinancing specifically has a term of 3 years with an interest rate of 6.5%.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,000,000
• Loan Type: Refinance
• Loan Terms: 3-Year 6.5% Rate
• Brokers: Tzvi Balsam & Mordechai Brodt - The Leopard Group

Tzvi Balsam and Mordechai Brodt, representing The Leopard Group, facilitated this transaction by arranging a mid-construction cash-out refinance for the North Avenue development. The financing provides the sponsor with additional liquidity to maintain project momentum without interruption. The Leopard Group specializes in working with developers across the New York metro market on complex value-add and construction-stage financing.