National Realty & Development Corp Refinances Hackettstown Retail Property For $16M | 1885 Route 57 | David Poncia, Dev Morris, Andrew Stewart, Allison Villamagna | Retail | Loan

Summary

Loan

NEW JERSEY

Retail

272,046 sqft

The retail property located at 1885 Route 57 in Hackettstown has been involved in a closed transaction. The property spans 272,046 square feet and is owned by National Realty & Development Corp.

Summary of transaction details

Property Type: Retail
Transaction Amount: $16,000,000
Loan Type: Permanent Loan
Loan Terms: 10-year financing, which amortizes over 30 years

Dev Morris, David Poncia, Allison Villamagna, and Andrew Stewart from Cronheim Mortgage served as brokers in this transaction, representing the buyer and seller. The loan for this transaction was $16,000,000, and it was a permanent loan with a term of 10 years, amortizing over 30 years.

Players

All
5

Agents
4
Agencies
1

Commercial Real Estate Agent

Cronheim Mortgage

Details

Deal Summary

FINANCED

IMAGE: Dev Morris, David Poncia, Allison Villamagna & Andrew Stewart DATE: 05/27/2022 ADDRESS: 1885 Route 57 MARKET: Hackettstown ASSET TYPE: Retail ~ SF: 272,046 LANDLORD: National Realty & Development Corp BROKERS: Dev Morris, David Poncia, Allison Villamagna & Andrew Stewart - Cronheim Mortgage LOAN AMOUNT: $16,000,000 LOAN TYPE: Permanent Loan LOAN TERMS: 10-year financing, which amortizes over 30 years

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Address1885 Route 57

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