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Valley Bank Provides $2.5M Loan For Galloway Retail Property

275 West White Horse Pike⁠
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This Retail property located in NJ received a loan of $2,500,000 over 3 years ago. The broker of the deal was Michael Volpe

The retail property located at 275 W. White Horse Pike in Galloway has recently secured a loan. The loan was provided by Valley Bank for an amount of $2,500,000. The loan terms include a 10-year term with a 25-year schedule and a fixed interest rate of 3.56%. The loan transaction took place on December 15, 2020.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,500,000
  • Address: 275 W. White Horse Pike, Galloway
  • Market: Galloway
  • Lender: Valley Bank
  • Landlord: SWG Realty
  • Broker: Michael Volpe - HighCap Group

Michael Volpe from HighCap Group represented the landlord, SWG Realty, in this loan transaction.

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Deals
  • Location
    275 West White Horse Pike, Galloway, Pomona, NJ, USA275 West White Horse Pike, Galloway, Pomona, NJ, USA
  • Loan Value
    $2,500,000$2,500,000
  • Asset Type
    RetailRetail
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Michael Volpe

Michael Volpe

Deals17
Financed$69.7M

Agency

Highcap Group

Highcap Group

Agency
Deals90
Volume$597.6M

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Deal Summary

[embed] LOAN⁠ IMAGE: Michael Volpe⁠ DATE: 12/15/2020⁠ ADDRESS: 275 W. White Horse Pike⁠ MARKET: Galloway⁠ ASSET TYPE: Retail⁠ ⁠ LENDER: Valley Bank⁠ LANDLORD: SWG Realty⁠ BROKER: Michael Volpe (@VolpeMV14) - HighCap Group (@HighCap_Group)⁠ ⁠ LOAN AMOUNT: $2,500,000⁠ LOAN TERMS: 10 year term, 25 year schedule- 3.56% fixed⁠ ⁠

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275 West White Horse Pike⁠

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