Walker & Dunlop Arranges $82.5M Loan For Newark Office Property With CTL Capital As Lender
11 Centre Place
Office
5,000,000 SF
5,000,000 SF
Financed 1 year ago
+ 3
Summary
Located at 11 Centre Place in Newark, N.J., this office property was involved in a recent closed transaction. The property spans over 500,000 square feet and is owned by The Claremont Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $82,500,000
- Address: 11 Centre Place, Newark, N.J
- Market: Newark, N.J
- Lender: CTL Capital
- Loan Terms: The loan has a 21.5-year term, maturing in line with a recently renewed 20-year lease signed by the U.S. General Services Administration (GSA). The loan carries an interest rate of sub-3 percent and includes six years of interest-only payments.
The transaction was facilitated by brokers Aaron Appel, Keith Kurland, Jonathan, Adam Schwartz, Michael Diaz, and Michael Ianno of Walker & Dunlop.
Players
All
7
Agents
5
Agencies
1
Lenders
1
Details
View on map
Loading...
11 Centre Place
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want