Reynolds Asset Management Secures $16M Refinance Loan For Princeton Pike Office Park

The Princeton Pike Office Park in Lawrence Township, a property slated for redevelopment into the mixed-use community named CANVAS, has secured a $16 million loan from Northwest Bank. The loan, facilitated by lender Abe Ibrahim, complements the ongoing efforts to revitalize the site through upgrades and tenant consolidation.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $16,000,000
• Address: 3131 Princeton Pike
• Market: Lawrence Township
• Lender: Abe Ibrahim - Northwest Bank
• Landlord: Lou Reynolds - Reynolds Asset Management
• Loan Type: Refinance
• Loan Terms: five-year term with a 6.6 percent fixed rate

A partnership led by Lou Reynolds of Reynolds Asset Management spearheaded the endeavor to secure the $16 million loan for the Princeton Pike Office Park in Lawrence Township. The project aims to transform the property into a vibrant mixed-use community named CANVAS by 2026, underscoring Reynolds' commitment to modernizing and reimagining real estate ventures.