Tuli Realty Secures $42.77 Million Loan From Greystone For 30 Cattano Avenue Acquisition

The property asset involved in the transaction is a mixed-use development located at 30 Cattano Avenue in Morristown, NJ. It consists of 148 units and includes 6,000 square feet of retail space. The loan amount secured for the acquisition is $42,772,000 with a loan type classified as acquisition and the terms set for 10 years on a full-term interest-only basis.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $42,772,000
• Units: 148
• Retail SF: 6,000
• Lender: Greystone
• Landlord: Tuli Realty
• Loan Brokers: Brad Domenico, John Alascio, Frank Stanislaski, and Chuck Kohaut - Cushman & Wakefield
• Sale Brokers: Niko Nicolaou and Ryan Dowd - Cushman & Wakefield
• Acquisition Broker: Niko Nicolaou and Ryan Dowd - Cushman & Wakefield
• Loan Terms: 10 years, full term I/O

The deal involves key individuals from Cushman & Wakefield, including the loan brokers Brad Domenico, John Alascio, Frank Stanislaski, and Chuck Kohaut, as well as the sale and acquisition brokers Niko Nicolaou and Ryan Dowd, highlighting the collaborative efforts of these professionals in facilitating the transaction.