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Kearny Bank Provides $42.4M Acquisition Loan For Retail Property In Millville, NJ

2164 North 2nd Street
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This Retail property located in NJ received a loan of $42,375,000 over 2 years ago. The broker of the deal was Simon Rosenfeld

Located at 2164 North Second Street in Millville, NJ, this retail property spans across 392,875 square feet. The transaction took place on November 17, 2021. The property was acquired through a loan provided by Kearny Bank, with Noah Littell representing the lender. Simon Rosenfeld from Meridian Capital Group served as the broker for the deal.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: $42,375,000
  • Lender: Kearny Bank - Noah Littell
  • Broker: Simon Rosenfeld - Meridian Capital Group
  • Loan Type: Acquisition
  • Loan Terms: $42,375,000 at a fixed interest rate of 3.375% for 10 years with 12 months IO

The individuals involved in the transaction include Noah Littell, the representative of Kearny Bank, and Simon Rosenfeld, the broker from Meridian Capital Group. Together, they facilitated the loan for the acquisition of the retail property located at 2164 North Second Street in Millville, NJ.

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Deals
  • Location
    2164 North 2nd Street2164 North 2nd Street
  • Loan Value
    $42,375,000$42,375,000
  • Asset Type
    RetailRetail
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Simon Rosenfeld

Simon Rosenfeld

Deals8
Financed$315.7M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

Kearny Bank

Kearny Bank

Lender
Deals11
Volume$ 10B

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Deal Summary

LOAN IMAGE: Simon Rosenfeld & Noah Littell DATE: 11/17/2021 ADDRESS: 2164 North Second Street MARKET: Millville, NJ ASSET TYPE: Retail ~ SF: 392,875 LENDER: Kearny Bank - Noah Littell BROKERS: Simon Rosenfeld (@SimonRosenfeldNYC) - Meridian Capital Group LOAN AMOUNT: $42,375,000 LOAN TYPE: Acquisition LOAN TERMS: $42,375,000 at a fixed interest rate of 3.375% for 10 years with 12 months IO

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2164 North 2nd Street

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