Principal Financial Provides $16.2M Long-Term Fixed Rate Loan For Mixed-Use Property In Princeton, NJ | 25 & 55 Spring Street | Gary Cohen | Mixed-use | Loan

Summary

Loan

NEW JERSEY

Mixed-use

92,359 sqft

Located in Princeton, NJ, the mixed-use property at 25 & 55 Spring St recently closed on a transaction. This property, spanning 92,359 square feet, consists of 76 units and offers a variety of uses.

Summary of transaction details:

Property Type: Mixed-use
Transaction Amount: $16,200,000
Market: Princeton, NJ

The financing for this transaction was provided by Principal Financial, who arranged a long-term fixed-rate loan. With skillful negotiation, they were able to secure a 15-year term at a rate below 3 percent. Gary Cohen from NorthMarq acted as the broker in this deal, representing the parties involved.

While this transaction does not disclose additional specific information, it showcases the successful completion of a loan for the mixed-use property at 25 & 55 Spring St in Princeton, NJ.

Players

All
2

Agents
1
Agencies
1

Gary Cohen

First Vice President Investments

$102.8M Sold

Marcus & Millichap

Details

Deal Summary

FINANCED

IMAGE: Gary Cohen DATE: 06/22/2021 ADDRESS: 25 & 55 Spring St MARKET: Princeton, NJ ASSET TYPE: Mixed-use LENDER: Principal Financial BROKER: Gary Cohen - NorthMarq LOAN AMOUNT: $16,200,000 LOAN TERMS: long-term fixed rate loan and we were able to arrange a 15-year term at a rate substantially below 3 percent UNITS: 76 SF: 92,359

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Address25 & 55 Spring Street

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