Steven Goldschmied Of GPS Capital And JG Funding Co-Fund $11M Retail Refinance Loan In Lakewood

The asset involved in this transaction is a retail shopping center located in Lakewood, New Jersey, which currently has a vacancy rate of 35%. The loan facilitated for this property amounts to $11,000,000, and it is categorized as a refinance with loan terms spanning 12 months.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,000,000
• Loan Type: Refinance
• Loan Terms: 12 months
• Lender: Steven Goldschmied - GPS Capital & Jeremy Goldzal & Josh Grunzweig - JG Funding
• Broker: Akiva Drew - Drew Capital

This transaction highlights the collaboration between Steven Goldschmied from GPS Capital and Jeremy Goldzal & Josh Grunzweig of JG Funding, who co-funded the loan. Akiva Drew from Drew Capital represented the brokerage side of the deal, facilitating the connection between the lenders and the property ownership.