Lincoln Financial Provides $21.12 Million Refinance Loan For 1420 Willow Avenue In Hoboken

The 1420 Willow Avenue property is a mixed-use asset located in Hoboken, NJ. This building spans 42,205 square feet and is home to medical office tenants, as well as street-level retail spaces leased by West Elm and Gravity Vault. The building underwent a refinancing process and secured a fixed-rate loan amounting to $21.12 million.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $21,120,000
• Address: 1420 Willow Avenue
• Market: Hoboken, NJ
• Lender: Lincoln Financial
• Loan Type: Refinance
• Brokers: Matthew Pizzolato, Josh Stein, Carlos Silva, Jason Gaccione, Shawn Rosenthal, Jake Salkovitz, Justin Helbling & Lauren Weinstein - CBRE

The refinancing deal involved a group of brokers from CBRE, with several representatives facilitating the arrangement with Lincoln Financial. The strong interest in mixed-use assets in the area, particularly near ongoing redevelopment, indicates favorable conditions for this type of property in the current market.