Reinsurance Group Of America Provides $20 Million Refinance Loan For Styertowne Shopping Center In Clifton

The asset involved in this transaction is the Styertowne Shopping Center, a retail property located at 1051 Bloomfield Avenue in Clifton, Northern New Jersey. This property spans a total of 236,000 square feet. A 10-year refinance loan was secured for this property.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $20,000,000
• Loan Type: Refinance
• Loan Terms: 10-year
• Lender: Reinsurance Group of America
• Brokers: Andrew Stewart, Dev Morris & Brandon Szwalbenest - Cronheim Mortgage

The transaction was facilitated by brokers Andrew Stewart, Dev Morris, and Brandon Szwalbenest from Cronheim Mortgage, who arranged the loan with the Reinsurance Group of America for an undisclosed borrower.