Amboy Bank Provides $12.5 Million Refinance Loan For Mixed-Use Asset In Passaic

The property asset involved in this transaction is a mixed-use building located at 663 Main Avenue in Passaic, featuring a total square footage of 74,262. The refinance loan amount secured for this property is $12,500,000, facilitated by Amboy Bank.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $12,500,000
• Square Footage: 74,262
• Address: 663 Main Avenue
• Market: Passaic
• Lender: Amboy Bank
• Landlord's Representatives: Brad Domenico, Frank Stanislaski & Ethan Thompson - EDSF Group | CRE Loans - Cushman & Wakefield

The key individuals involved in this deal include Brad Domenico, Frank Stanislaski, and Ethan Thompson, who represent the landlord in this refinancing transaction. They are affiliated with EDSF Group and Cushman & Wakefield, contributing to the successful negotiation and securing of the loan for the property.