Amherst Capital Management Provides $14.1M Bridge Loan For Princeton Office Building

The recently closed transaction in Princeton involved an office property located at 500 College Rd. East. The asset, spanning across 159,227 square feet, was part of a deal that took place on 02/04/2021.

Summary of transation details

• Property Type: Office
• Transaction Amount: $14,138,000
• Address: 500 College Rd. East
• Market: Princeton

The loan for this transaction was provided by Amherst Capital Management, with Gabe Boyar representing the lending company. The loan amount was $14,138,000, and it had a three-year, floating-rate bridge loan term. Additionally, the landlord involved in this property was Bergman Real Estate Group, Eight Fold Capital, and Hornig Capital Partners. The brokerage team facilitating the deal consisted of Michael Klein, Greg Nalbandian, and Michael Lachs, representing JLL Capital Markets.