Morgan Stanley Provides $50M Loan For Tice's Corner Shopping Center In Woodcliff Lake, NJ | 441 Chestnut Ridge Road | Retail | Loan

Summary

Loan

NEW JERSEY

Retail

119,197 sqft

Tice's Corner, a retail property located at 441 Chestnut Ridge Road in Woodcliff Lake, NJ, has secured a $50 million loan from Morgan Stanley. The shopping center spans a total of 119,197 square feet.

Summary of transaction details

Property Type: Retail
Transaction Amount: $50,000,000
Address: 441 Chestnut Ridge Road, Woodcliff Lake, NJ
Market: Woodcliff Lake
Lender: Morgan Stanley
Landlord: David Adam Realty Inc - David A. Waldman
Broker: Cronheim Mortgage

Morgan Stanley provided the loan against Tice's Corner, a shopping center situated in Woodcliff Lake, NJ. The 10-year loan carries a 6.42 percent coupon rate and has been securitized through a recent CMBS transaction.

Details

Deal Summary

FINANCED

IMAGE: David A. Waldman DATE: 05/24/2023 ADDRESS: 441 Chestnut Ridge Road MARKET: Woodcliff Lake ASSET TYPE: Retail ~ SF: 119,197 LENDER: Morgan Stanley LANDLORD: David Adam Realty Inc - David A. Waldman BROKER: Cronheim Mortgage LOAN AMOUNT: $50,000,000 LOAN TERMS: only interest payments for its 10-year term and pays a coupon of 6.42 percent NOTE: Morgan Stanley has provided a $50 million loan against Tice's Corner, a shopping center in Woodcliff Lake, NJ. The 10-year loan carries a 6.42 percent coupon rate and has been securitized through a recent CMBS transaction.

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Address441 Chestnut Ridge Road

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