Kearny Bank Provides $42.4M Acquisition Loan For Retail Property In Millville, NJ

Located at 2164 North Second Street in Millville, NJ, this retail property spans across 392,875 square feet. The transaction took place on November 17, 2021. The property was acquired through a loan provided by Kearny Bank, with Noah Littell representing the lender. Simon Rosenfeld from Meridian Capital Group served as the broker for the deal.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $42,375,000
• Lender: Kearny Bank - Noah Littell
• Broker: Simon Rosenfeld - Meridian Capital Group
• Loan Type: Acquisition
• Loan Terms: $42,375,000 at a fixed interest rate of 3.375% for 10 years with 12 months IO

The individuals involved in the transaction include Noah Littell, the representative of Kearny Bank, and Simon Rosenfeld, the broker from Meridian Capital Group. Together, they facilitated the loan for the acquisition of the retail property located at 2164 North Second Street in Millville, NJ.