Lakeland Bank Provides $1.3M Construction Loan For Mixed-Use Property In Morristown, NJ

The mixed-use property located at 5-7 Washington Street in Morristown, NJ has recently undergone a construction loan transaction. The loan amount of $1,335,000 was provided by Lakeland Bank.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $1,335,000
• Market: Morristown, NJ
• Landlord: Anil Balani
• Brokers: Frank Stanislaski @Fstanisl & John Libretti @JohnLibretti - Progress Capital @Progress.capital

The deal was facilitated by brokers Frank Stanislaski and John Libretti from Progress Capital. The property, with its desirable location in Morristown, attracted the attention of various stakeholders, ultimately resulting in a construction loan provided by Lakeland Bank.