Kearny Bank Provides $19.12 Million Refinance For Life Sciences R&D Office In Cranbury

The transaction involves a loan for a 76,887-square-foot R&D office building located in Cranbury, positioned within a premier life science and commercial park that encompasses approximately 1.3 million square feet across 12 buildings. The loan amount is $19,125,000 and is classified as a refinance, providing 75% loan-to-value financing.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: $19,125,000
• Asset Size: 76,887 square feet
• Lender: Noah Littell - Kearny Bank
• Brokers: Isaac Filler, Yossi Koschitzki & Michael Neumann - Filler Capital

The financing arrangement reflects a competitive market environment with the collaboration and exceptional execution provided by Noah Littell. Filler Capital LLC acknowledges the efforts of its team members, including Isaac Filler, Yossi Koschitzki, Michael Neumann, Steve Edelstein, Moe Rosenblum, Shaya Hirtz, and Jordan Gellman, for their diligence throughout the closing process.