Principal Financial Provides $16.2M Long-Term Fixed Rate Loan For Mixed-Use Property In Princeton, NJ
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This Mixed-use property located in NJ received a loan of $16,200,000 almost 4 years ago. The broker of the deal was Gary Cohen
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- Location25 Spring Street, Newton, NJ 07860
- Loan Value$16,200,000
- Asset TypeMixed-use
- Parties1 Broker, 1 Agency
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Deal Summary
LOAN
IMAGE: Gary Cohen
DATE: 06/22/2021
ADDRESS: 25 & 55 Spring St
MARKET: Princeton, NJ
ASSET TYPE: Mixed-use
LENDER: Principal Financial
BROKER: Gary Cohen - NorthMarq
LOAN AMOUNT: $16,200,000
LOAN TERMS: long-term fixed rate loan and we were able to arrange a 15-year term at a rate substantially below 3 percent
UNITS: 76
SF: 92,359
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25 & 55 Spring Street
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