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Lakeland Bank Provides $2.35M Refinance Loan For Retail Property In Long Branch, NJ

492 Joline Avenue
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This Retail property located in NJ received a loan of $2,350,000 over 2 years ago.

A retail property located at 492 Joline Ave. in Long Branch, NJ, has recently undergone a refinancing loan transaction. The loan amount for this transaction was $2,350,000, which was provided by Lakeland Bank. The loan has a fixed interest rate of 3.65% and a 10-year term.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,350,000
  • Lender: Lakeland Bank
  • Loan Type: Refinance
  • Loan Terms: $2,350,000 at a fixed interest rate of 3.65% with a 10-year term
  • Broker: Simon Rosenfeld - Meridian Capital Group

The loan transaction was facilitated by Simon Rosenfeld from the Meridian Capital Group, who acted as the broker in this deal.

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Deals
  • Location
    492 Joline Avenue, Long Branch, NJ 07740, USA492 Joline Avenue, Long Branch, NJ 07740, USA
  • Loan Value
    $2,350,000$2,350,000
  • Asset Type
    RetailRetail
  • Parties
    1 Lender1 Lender

Lakeland Bank

Lakeland Bank

Lender
Deals29
Volume$ 59.3B

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Deal Summary

LOAN IMAGE: Simon Rosenfeld DATE: 11/12/2021 ADDRESS: 492 Joline Ave. MARKET: Long Branch, NJ ASSET TYPE: Retail LENDER: Lakeland Bank BROKER: Simon Rosenfeld (@SimonRosenfeldNYC) - Meridian Capital Group LOAN AMOUNT: $2,350,000 LOAN TYPE: Refinance LOAN TERMS: $2,350,000 at a fixed interest rate of 3.65% with a 10-year term

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