Columbia Bank Provides $4.9 Million Refinance Loan For Industrial Condo In Edison

The property asset involved in this transaction is an industrial condo located at 3775 Park Avenue in Edison, encompassing a total area of 53,364 square feet. The refinancing loan amount secured for this industrial condo is $4,900,000, with loan terms set for a duration of 5 years.

Summary of transaction details:

• Property Type: Industrial Condo
• Transaction Amount: $4,900,000
• Address: 3775 Park Avenue
• Market: Edison
• Lender: Columbia Bank
• Broker: Mark Nussbaum - Stonehill Capital
• Loan Type: Refinance
• Loan Terms: 5 year

This refinancing involved key participants, notably Mark Nussbaum from Stonehill Capital, who acted as the broker in this transaction. Columbia Bank served as the lender, facilitating the refinancing process for the industrial condo.