FINANCED
American United Life Insurance Company Provides $21M Loan For Retail Property In New Providence
1260 Springfield Avenue
Retail
108,000 SF
108,000 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
Retail
108,000 sqft
The retail property located at 1260 Springfield Ave in New Providence has recently been involved in a loan transaction. The property spans an area of 108,000 square feet. The loan of $21,000,000 was provided by American United Life Insurance Company. The loan terms include a 10-year financing period with a 30-year amortization schedule.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $21,000,000
- Address: 1260 Springfield Ave
- Market: New Providence
- Lender: American United Life Insurance Company
The landlord for the property is Urstadt Biddle Properties Inc. The broker representing the transaction is Cronheim Mortgage.
Players
Details
FINANCED
IMAGE: Andrew Stewart
DATE: 05/19/2022
ADDRESS: 1260 Springfield Ave
MARKET: New Providence
ASSET TYPE: Retail ~ SF: 108,000
LENDER: American United Life Insurance Company
LANDLORD: Urstadt Biddle Properties Inc.
BROKER: Cronheim Mortgage
LOAN AMOUNT: $21,000,000
LOAN TERMS: 10-year financing amortizes over 30 yearsView on map
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Address1260 Springfield Avenue
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