Northfield Bank Provides $4.75M Refinance Loan For Office Property On Globe Ave In Mountainside, NJ

The property involved in this closed transaction is an office located at 1115 Globe Avenue in Mountainside, NJ. The transaction took place on 06/01/2022. The asset type is an office building.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $4,750,000
• Lender: Northfield Bank

The loan for this transaction was provided by Northfield Bank. The brokers involved in the deal were Michael Helmreich and Charles Grussgott from Meridian Capital Group. The loan amount was $4,750,000 and it was a refinance loan. The loan terms included a fixed period of 7 years with a rate of 3.875%. The amortization period was 2 years of interest-only payments followed by 30 years of regular payments.