Edgewood Capital Advisors Provides $14M Bridge Refinance For Retail Strip In Wildwood NJ

This transaction involves a retail strip located at 100 East Taylor Avenue, 106 East Taylor Avenue, 4709 New Jersey Avenue, 127 Rio Grande Avenue, and 4800 New Jersey Avenue in Wildwood, NJ. The asset spans a total square footage of 10,000 and has secured a refinance loan of $14,000,000 from Edgewood Capital Advisors, with a term of 12 months specified for the loan.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $14,000,000
• Loan Type: Refinance
• Loan Terms: 12 months
• Location: Wildwood, NJ
• Tenants: Dog Tooth Bar & Grill, MudHen Brewing Company, Poppi’s Brick Oven Pizza, The Station House, Domino’s Pizza
• Landlord: Brendan Sciarra
• Landlord's Representative: Shani Ben-Izhak - Win Capital Loans LLC

Shani Ben-Izhak from Win Capital Loans LLC represents landlord Brendan Sciarra in this transaction. The refinancing aims to support a commercial real estate investor’s portfolio enhancement focused on retail opportunities within a vibrant market thus providing a strategic financial move for growth.