FINANCED
Lakeland Bank Provides $4.8M Loan For Retail Property In Point Pleasant
1501-1513 Richmond Avenue
Retail
19,111 SF
19,111 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
Retail
19,111 sqft
A retail property located at 1501-1513 Richmond Avenue in Point Pleasant has recently undergone a loan transaction. The loan amount for this deal was $4,800,000 and it was provided by Lakeland Bank. The loan terms include a fixed interest rate of 3.375% for 10 years, with a 30-year amortization period.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,800,000
- Address: 1501-1513 Richmond Avenue
- Market: Point Pleasant
Brad Domenico and John Libretti of Progress Capital served as brokers in this loan transaction. They represented the parties involved in the deal, ensuring its successful completion.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Brad Domenico & John Libretti
DATE: 11/12/2020
ADDRESS: 1501-1513 Richmond Avenue
MARKET: Point Pleasant
ASSET TYPE: Retail
LENDER: Lakeland Bank
BROKER: Brad Domenico (@domenico317), John Libretti (@johnlibretti) - Progress Capital (@progress.capital)
LOAN AMOUNT: $4,800,00
LOAN TERMS: 3.375% Fixed for 10 Years, 30 Year AmortizationView on map
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Address1501-1513 Richmond Avenue
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