Construction Loan Secured For Mixed-Use Property In Roselle Park, NJ

The mixed-use property located at 140 West Webster Avenue in Roselle Park, NJ has undergone a closed transaction. Spanning across 43,560 square feet, this property offers a diverse range of uses.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $14,950,000
• Address: 140 West Webster Avenue, Roselle Park, NJ
• Market: Roselle Park, NJ

The loan for this transaction was secured from Columbia Bank, with a total loan amount of $14,950,000. The loan type was specified as construction. The owner and developer of the property are The Kontos Group, consisting of Chris Kontos, Joseph Hunter, Valentino Kontos, and Maik Kontos. They were represented by Kathy Anderson from Progress Capital as their broker. Kontos Construction served as the general contractor for this project.