Cornerstone Capital Financing Arranges $4M Refinance Loan For Industrial Property In Trenton, NJ

An industrial property located at 300 3rd Street in Trenton has been involved in a loan transaction. The property spans approximately 47,880 square feet and is owned by Artistic Linen.

Summary of transaction details:

• Property Type: Industrial
• Loan Amount: $4,000,000
• Loan Type: Refinance
• Loan Terms: 165 Spread over 10 YEAR FHLB with a One Year Pre-Pay. No pre-pay there after

Cornerstone Capital Financing, represented by Alexander (Alex Nem) Nemirovskiy, Russell Nova, and Igor Zakh, facilitated the loan for this industrial property. They worked closely with the ownership of the property to underwrite the asset for the highest loan-to-value ratio and lowest spread in the Trenton market. The loan is structured with a one-year pre-pay and no pre-payments thereafter. At Cornerstone Capital Financing, they prioritize building strong relationships with lenders and sponsors to fulfill their specific loan requirements.

If you are interested in contacting the individuals involved in this loan transaction, you can reach out to Russell Nova, Principal, at 917-559-1820 or [email protected]. Igor Zakh, the Operating Officer, can be reached at 917-567-1646 or [email protected]. Alexander Nemirovsky, the Credit Manager, can be reached at 347-751-5232 or [email protected].