Kathy Anderson & Caillin Boles of Cushman & Wakefield Arrange $15.5M Loan for 1 Apollo Drive in Whippany
New Jersey
See Similar DealsKathy Anderson & Caillin Boles of Cushman & Wakefield Arrange $15.5M Loan for 1 Apollo Drive in Whippany
1 Apollo Drive
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The asset involved in the transaction is an industrial property located at 1 Apollo Drive in Whippany, featuring a square footage of 126,105. The loan amount secured for this property is $15,500,000, classified as a refinance with terms including a 5.75% interest rate and a 5-year fixed duration.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,500,000
- Address: 1 Apollo Drive
- Market: Whippany
- Asset Size: 126,105 SF
- Loan Type: Refinance
- Loan Terms: 5.75% Interest Rate, 5-Year Fixed
- Landlord: Sal Frassetto - Saddleback Real Estate Developers; Roy Pascal & Spencer Pascal - Commerce Park Investors
- Landlord's Representative: Kathy Anderson & Caillin Boles - EDSF Group - Cushman & Wakefield
Key individuals involved in this deal include the landlords Sal Frassetto representing Saddleback Real Estate Developers, and Roy Pascal & Spencer Pascal from Commerce Park Investors. The landlord's representative in this transaction is Kathy Anderson and Caillin Boles from EDSF Group, affiliated with Cushman & Wakefield.
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