FINANCED
Cross River Bank Provides $24.75M Construction Loan For Hotel To Office Conversion In Toms River
2373 US-9
Hotel
108,000 SF
108,000 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
Hotel
108,000 sqft
A hotel property located at 2373 US-9 in Toms River has been involved in a closed transaction. The property spans approximately 108,000 square feet.
Summary of transaction details:
- Property Type: Hotel
- Address: 2373 US-9, Toms River
- Market: Toms River
- Image: Steven Vegh
- Date: 11/01/2022
The lender for this transaction was Cross River Bank. The loan amount provided for the transaction was $24,750,000. The loan type was listed as construction. Steven Vegh from Westwood Realty Associates served as the broker representing the parties involved in the deal.
According to the note from the broker, the hotel property is set to undergo a conversion into an office space.
Players
All
2
Agents
1
Lenders
1
Details
FINANCED
IMAGE: Steven Vegh
DATE: 11/01/2022
ADDRESS: 2373 US-9
MARKET: Toms River
ASSET TYPE: Hotel ~ SF: 108,000
LENDER: Cross River Bank (@CrossRiverBank)
BROKER: Steven Vegh (@StevenVegh) - Westwood Realty Associates (@WestwoodRealtyAssoc)
LOAN AMOUNT: $24,750,000
LOAN TYPE: Construction
NOTE FROM BROKER: HOTEL TO OFFICE CONVERSIONView on map
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Address2373 US-9
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