Cronheim Mortgage Provides $6.5M Loan For Industrial Property On Central Avenue, New Providence

The industrial property located at 550 Central Avenue in New Providence, NJ has recently undergone a transaction. The property spans a total of 88,500 square feet, offering ample space for various industrial activities. The deal was facilitated by Cronheim Mortgage, acting as the broker for the transaction. The loan for this transaction was obtained from RC-Central Ave. Associates LLC, who provided a loan amount of $6,500,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,500,000
• Address: 550 Central Avenue, New Providence, NJ
• Market: New Providence, NJ
• Property Size: 88,500 square feet
• Landlord: RC-Central Ave. Associates LLC
• Broker: Cronheim Mortgage

This transaction showcases the collaboration between RC-Central Ave. Associates LLC and Cronheim Mortgage, demonstrating their expertise in the real estate market. The financial arrangement allows for the acquisition and development of the industrial property, providing opportunities for businesses to thrive in the New Providence area.