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Natixis Real Estate Capital Provides $35.25M Acquisition Loan For Office Property In Clifton, NJ

1255 Broad Street
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This Office property located in NJ received a loan of $35,250,000 almost 4 years ago. The broker of the deal was Brad Domenico

1255 Broad Street in Clifton, NJ, was recently acquired in an office property transaction. The acquisition was financed through a loan provided by Natixis Real Estate Capital. The loan amount was $35,250,000, and the terms of the loan were full term interest-only.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $35,250,000
  • Address: 1255 Broad Street
  • Market: Clifton, NJ

Jared Zimmel from Natixis Real Estate Capital served as the lender for this acquisition loan. The borrower was represented by Brad Domenico of Progress Capital. Brad Domenico played a key role in facilitating the loan and ensuring a successful transaction.

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  • Location
    1255 Broad Street, Bloomfield, NJ, USA1255 Broad Street, Bloomfield, NJ, USA
  • Loan Value
    $35,250,000$35,250,000
  • Asset Type
    OfficeOffice
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Brad Domenico

Brad Domenico

Deals114
Financed$2.1B

Agency

Progress Capital

Progress Capital

Agency
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Volume$4.9B

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Deal Summary

LOAN IMAGE: Brad Domenico DATE: 06/03/2021 ADDRESS: 1255 Broad Street MARKET: Clifton, NJ ASSET TYPE: Office LAON TYPE: Acquisition LENDER: Jared Zimmel - Natixis Real Estate Capital BROKER: Brad Domenico @Domenico317 - Progress Capital @Progress.Capital LOAN AMOUNT: $35,250,000 LOAN TERMS: Full Term I/O

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1255 Broad Street

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