BridgeCity Capital Provides $44M Bridge Loan For Princeton Office Complex In New Jersey

An office complex located at 7 & 9 Roszel Road in Princeton, NJ has been involved in a closed transaction. The property spans approximately 302,454 square feet and falls under the office asset type. The deal was facilitated by BridgeCity Capital, who served as the lender in this transaction. The loan amount provided by BridgeCity Capital was $44,000,000. The loan type was a bridge loan with ground leasehold financing terms. The financing period was initially set at 12 months, but there were extension options available. The loan-to-value (LTV) ratio for this transaction was 75%. The landlord of the property is Abraham Brach.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $44,000,000
• Address: 7 & 9 Roszel Road, Princeton, NJ
• Market: Princeton, NJ
• Square Footage: 302,454

The key individuals involved in this transaction include Moishe Loketch, Louis Lebovits, Allan Lebovits, and Pinny Loketch, who represented BridgeCity Capital as its representatives. It should be noted that BridgeCity Capital actively finances various types of projects, including mixed-use, residential, industrial, and construction in the NY & Tri-State Area, South Florida, and other states. For loan inquiries or more information, interested parties can visit BridgeCity Capital's website at www.bridgecityfunding.com or contact [email protected].