NVE Bank Provides $1.5M Refinance Loan For Retail/Office Property In Scotch Plains, NJ

Roy Pascal, through his company 2285 South Investors, LLC, has refinanced the property located at 2285 South Avenue in Scotch Plains, NJ. The asset is a retail/office space.

Summary of transaction details:

• Property Type: Retail/Office
• Transaction Amount: $1,500,000
• Loan Type: Refinance
• Lender: NVE Bank
• Broker: Caillin Boles representing Progress Capital

NVE Bank provided a loan of $1,500,000 to Roy Pascal for refinancing the property. The loan terms include a fixed interest rate of 3% for 5 years, with a 25-year amortization schedule. For further information regarding commercial real estate financing needs, interested parties can contact Caillin Boles at 732-539-6920 or [email protected].