Gabby Cali Of Cali Capital Secures $2.61M Refinance Loan For Mixed-Use Property In Parsippany

The property asset involved in this transaction is a mixed-use building located at 299 Parsippany Road, Parsippany. The property consists of 11 units and was involved in a refinance transaction with a loan amount of $2,610,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,610,000
• Loan Type: Refinance
• Loan Terms: 5.875% Rate, 75% LTV, 5+5 Term, 30-Year Amortization, 5-2-1-1-1 Prepay
• Date: 02/25/2026
• Broker: Gabby Cali - Cali Capital

Gabby Cali from Cali Capital represents the broker involved in this deal, facilitating the refinancing process for the property at Parsippany Road. The transaction reflects a strategic move in the market context of Parsippany.