Progress Capital Facilitates $6.4M Industrial Acquisition Loan In Piscataway, NJ | 250 Circle Drive North | Caillin Boles, Kathy Anderson | Industrial | Loan

Summary

Loan

NEW JERSEY

Industrial

59,572 sqft

A recent closed property transaction took place in Piscataway, NJ involving an industrial asset located at 250 Circle Drive. The acquisition of this property was financed through a loan.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $6,400,000
Loan Type: Acquisition
Loan Terms: 2.95% Fixed for 7 Years

Mark Serure acted as the landlord in this transaction. The brokers representing the parties involved were Kathy Anderson from Money.Girl.Kathy and Caillin Boles from Cboles21, both affiliated with Progress Capital.

The loan amount for this acquisition was $6,400,000, and the terms of the loan included a fixed interest rate of 2.95% for a period of 7 years.

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Players

All
3

Agents
2
Agencies
1

$15.1M Sold

$99.2M Sold

Details

Deal Summary

FINANCED

IMAGE: Kathy Anderson & Caillin Boles DATE: 03/15/2021 ADDRESS: 250 Circle Drive MARKET: Piscataway, NJ ASSET TYPE: Industrial LOAN TYPE: Acquisition LANDLORD: Mark Serure BROKERS: Kathy Anderson @Money.Girl.Kathy & Caillin Boles @Cboles21 - Progress Capital @Progress.Capital LOAN AMOUNT: $6,400,000 LOAN TERMS: 2.95% Fixed for 7 Years

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Address250 Circle Drive North

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