Updated Dec 4, 2024
Cronheim Mortgage Secures $11M Refinance Loan For Town Center Plaza, East Windsor
319 US Route 130
$11,000,000
$56/SF
Building Size
196,014 SF
Asset Type
Retail
Closing
Mar 1, 2024
About this deal
AI
The loan transaction involved a retail property located at 319 US Route 130 in East Windsor, with a total space of 196,014 square feet. The lender, Southern Farm Bureau Life Insurance Company, provided $11,000,000 in financing for the property, which was built in 1998.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,000,000
- Address: 319 US Route 130
- Market: East Windsor
- Asset Type: Retail
- Borrower: Local real estate firm specializing in retail properties
- Tenants: Chipotle Mexican Grill and ShopRite
The loan was arranged by Allison Villamagna, Andrew Stewart, and Dev Morris from Cronheim Mortgage, who represented the borrower in securing the financing from Southern Farm Bureau Life Insurance Company. The Town Center Plaza in East Windsor was the subject property for this refinancing deal.
On the Map
$11,000,000
$56/SF
Retail
View full map
Players
East Windsor Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Dev Morris to view all their deals.
Browse East Windsor retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93