Cronheim Mortgage Secures $6.5M Refinance Loan For Garwood Mall With American United Life

The Garwood Mall in Garwood, a retail property located at 300 South Avenue, encompasses 89,624 square feet. This shopping center built in 1971 features anchor tenant Kings Food Markets and includes tenants like Crunch Fitness and AutoZone. The loan amount secured for this property was $6,500,000 from American United Life.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,500,000
• Address: 300 South Avenue
• Market: Garwood
• Asset Type: Retail
• Square Footage: 89,624
• Lender: American United Life
• Brokers: Allison Villamagna, Andrew Stewart & Dev Morris - Cronheim Mortgage
• Loan Type: Refinance

Cronheim Mortgage, with the assistance of Allison Villamagna, Andrew Stewart, and Dev Morris, managed to secure the financing for the New Jersey shopping center on behalf of a local real estate firm focusing on retail properties. The financing was provided by American United Life (AUL) for the Garwood Mall, supporting various tenants in the bustling retail center.