Lakeland Bank Provides $7.5M Loan For Mixed-Use Property In Union City, NJ

Located at 1700 Bergenline Avenue in Union City, NJ, this mixed-use property was recently involved in a closed transaction. The loan for this property amounted to $7,500,000 and was provided by Lakeland Bank. The landlord of this property is Judy Sciarra, represented by JR City Properties. The brokers involved in the deal were Kathy Anderson from Progress Capital and Caillin Boles, also from Progress Capital.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $7,500,000
• Market: Union City, NJ
• Lender: Lakeland Bank
• Landlord: Judy Sciarra - JR City Properties
• Brokers: Kathy Anderson - Progress Capital, Caillin Boles - Progress Capital

Kathy Anderson and Caillin Boles, representing Progress Capital, played a crucial role in facilitating this transaction. They acted as trusted advisors for the parties involved, ensuring a successful deal for both the landlord and the lender. With their expertise in the real estate market, Anderson and Boles were able to navigate the complexities of the transaction and secure the loan amount of $7,500,000 for the mixed-use property located at 1700 Bergenline Avenue.