Moe Shaltout, Ravi Desai & Pranav Patel Of RMR Partners Secure $10.1M Refinance From Symetra Life Insurance Co

The asset involved in this transaction is an industrial property located at 310-316 Colfax Avenue & 80 Merriam Avenue, situated within the Clifton & Newton markets. The refinancing arrangement is valued at $10,100,000. The loan has been structured with a 10-Year Term and an interest rate of 6.20% Fixed Rate.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,100,000
• Lender: Symetra Life Insurance Co.
• Borrower: Moe Shaltout, Ravi Desai & Pranav Patel - RMR Partners
• Brokers: Jeff Feldman, Judah Hammer, Shlomo Weissberg, Shamir Seidman & Jack Hayes - CBRE
• Loan Type: Refinance
• Loan Terms: 10-Year Term, 6.20% Fixed Rate

This transaction was facilitated by CBRE, which arranged the refinancing for an industrial and IOS deal in Clifton, NJ, as well as a single tenant warehouse in Newton, NJ. The team at CBRE specializes in all asset types in the middle market across the tri-state area and nationally.