Gabby Cali Of Cali Capital Secures $9.5M Refinance Loan For Package Deal In Parsippany

The asset involved in this transaction is a package deal consisting of 33 units located at 285 US Route 46 in Parsippany, NJ. The loan amount for this deal is $9,500,000, with a refinancing type of loan secured at a rate of 5.50%. The terms include a 75% loan-to-value ratio, a 30-year amortization schedule, a 5-year fixed rate, and a total term of 10 years.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $9,500,000
• Market: Parsippany, NJ
• Loan Type: Refinance
• Loan Terms: 5.50% Rate, 75% LTV, 30-Year Amortization, 5-Year Fixed, 10-Year Term

The broker representing this transaction is Gabby Cali from Cali Capital. For more information regarding commercial real estate financing options, Gabby can be contacted at 732-962-3242 or via email at [email protected].