Marcon Roseland Secures $4 Million Refinance Loan For Office Property On Eagle Rock Avenue

The asset involved in the transaction is located at 425 Eagle Rock Avenue in Roseland. It is classified as an office property consisting of 17 units and encompassing a total of 130,000 square feet. The loan amount secured for this asset is $4,000,000, under a refinance loan type. The terms of the loan include a 5-year fixed rate, a 10-year term, and a rate of 6.50%. The loan is structured as non-recourse.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $4,000,000
• Address: 425 Eagle Rock Avenue
• Market: Roseland
• Units: 17
• Square Footage: 130,000
• Landlord: Marcon Roseland
• Broker: Gabby Cali - Cali Capital
• Loan Type: Refinance
• Loan Terms: 5 Year Fixed, 10 Year Term, 6.50% rate, Non-Recourse

The key individuals involved in the transaction include the landlord, Marcon Roseland, and the broker, Gabby Cali of Cali Capital. Gabby Cali plays a role in representing the financing aspects of the deal, and can be contacted at 732-962-3242 or via email at [email protected] for any inquiries related to financing needs and securing favorable terms.