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Amherst Capital Management Provides $14.1M Bridge Loan For Princeton Office Building

500 College Road East
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This Office property located in NJ received a loan of $14,138,000 about 3 years ago. The brokers of the deal were Michael Klein, Michael Lachs, and Gregory (Greg) Nalbandian

The recently closed transaction in Princeton involved an office property located at 500 College Rd. East. The asset, spanning across 159,227 square feet, was part of a deal that took place on 02/04/2021.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $14,138,000
  • Address: 500 College Rd. East
  • Market: Princeton

The loan for this transaction was provided by Amherst Capital Management, with Gabe Boyar representing the lending company. The loan amount was $14,138,000, and it had a three-year, floating-rate bridge loan term. Additionally, the landlord involved in this property was Bergman Real Estate Group, Eight Fold Capital, and Hornig Capital Partners. The brokerage team facilitating the deal consisted of Michael Klein, Greg Nalbandian, and Michael Lachs, representing JLL Capital Markets.

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Deals
  • Location
    500 College Rd E, Princeton, NJ, USA500 College Rd E, Princeton, NJ, USA
  • Loan Value
    $14,138,000$14,138,000
  • Asset Type
    OfficeOffice
  • Parties
    3 Brokers, 1 Agency, 1 Lender3 Brokers, 1 Agency, 1 Lender

Agents

Michael Lachs

Michael Lachs

Deals15
Financed$775.2M

Michael Klein

Michael Klein

Deals43
Financed$1.3B

Gregory (Greg) Nalbandian

Gregory (Greg) Nalbandian

Deals17
Financed$702.7M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

Amherst Capital Management

Amherst Capital Management

Lender
Deals3
Volume$ 31.6B

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Deal Summary

LOAN IMAGE: Michael Klein, Gabe Boyar, & Greg Nalbandian DATE: 02/04/2021 ADDRESS: 500 College Rd. East MARKET: Princeton ASSET TYPE: Office LENDER: Amherst Capital Management - Gabe Boyar LANDLORD: Bergman Real Estate Group, Eight Fold Capital, & Hornig Capital Partners BROKERS: Michael Klein, Greg Nalbandian & Michael Lachs - JLL Capital Markets LOAN AMOUNT: $14,138,000 LOAN TERMS: three-year, floating-rate bridge loan SF: 159,227

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500 College Road East

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