Morgan Stanley Provides $48 Million Refinance Loan For Office Property In Bloomfield
New Jersey
See Similar DealsMorgan Stanley Provides $48 Million Refinance Loan For Office Property In Bloomfield
Broadacres Drive
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The asset involved in this transaction is an office space located at 1455 Broad Street, and 300 & 400 Broadacres Drive. The total square footage of the property is 397,940, situated in the Bloomfield market. The loan amount secured for this asset is $48,000,000, under a refinance loan type with a term of 5 years and full-term interest-only payments.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $48,000,000
- Lender: Morgan Stanley
- Loan Type: Refinance
- Loan Terms: 5 years, full-term I/O
- Landlord's Representative: Brad Domenico, Frank Stanislaski & Jack Subers - Cushman & Wakefield
The key individuals involved in this transaction include the representatives from Cushman & Wakefield, Brad Domenico, Frank Stanislaski, and Jack Subers, who facilitated the deal for the landlord. Morgan Stanley served as the lender, providing the financial backing for this refinance transaction.
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