OceanFirst Bank Refinances $24.7M Loan For Retail Property In Fordham Manor

The property at 2543, 2549 & 2551 Webster Avenue in Fordham Manor has recently undergone a refinancing transaction. The retail asset spans a total of 37,287 square feet, making it a significant property in the area.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $24,700,000
• Address: 2543, 2549 & 2551 Webster Avenue
• Market: Fordham Manor
• Lender: OceanFirst Bank
• Landlord: Falack Family

The refinancing was facilitated by OceanFirst Bank, who provided a loan of $24,700,000 to the property owner, the Falack Family. This transaction allows the property owner to secure better terms and potentially invest in further improvements for the retail asset at 2543, 2549 & 2551 Webster Avenue in Fordham Manor.