Meridian Capital Group Arranges $210M Refinance Loan For Holmdel Mixed-Use Property

Located at 101 Crawfords Corner Road in Holmdel, NJ, this mixed-use property spans approximately 1,370,000 square feet. The property is owned by Adarsan Holdings Limited and Somerset Development and features a diverse range of uses.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $210,000,000
• Loan Type: Refinance
• Loan Terms: 10 year, fixed rate, interest only
• Lenders: Citi, BMO, and Barclays
• Landlords: Adarsan Holdings Limited and Somerset Development
• Brokers: Drew Anderman, Alan Blank, David Bollag, and Eli Serebrowski - Meridian Capital Group

The loan for this transaction was provided by Citi, BMO, and Barclays. The loan amount totaled $210,000,000 and was used to refinance the property. The loan terms include a 10-year term with a fixed interest rate and interest-only payments.