Cronheim Mortgage Secures $25 Million Refinance Loan For 40 Hudson Place In Hoboken

The asset involved in this transaction is a retail property located at 40 Hudson Place in Hoboken. The property is fully leased to Dunkin' and Pump Pilates, providing consistent rental income. A loan amount of $25,000,000 was arranged for the refinancing of this asset, which is backed by a 25-year loan term from an undisclosed life insurance company based in Oregon.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $25,000,000
• Loan Type: Refinance
• Address: 40 Hudson Place
• Market: Hoboken
• Brokers: Andrew Stewart, Brandon Szwalbenest & Dev Morris - Cronheim Mortgage

Andrew Stewart, Brandon Szwalbenest, and Dev Morris were the brokers representing Cronheim Mortgage in this transaction, facilitating the refinance for the property. The borrower details associated with this transaction were not disclosed.