FINANCED
OceanFirst Bank Provides $4.68M Loan For Office Acquisition In Woodbury, NJ
603, 608, 620 & 730 North Broad Street
Office
52,129 SF
52,129 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
Office
52,129 sqft
The office property located at 603, 608, 620, and 730 North Broad Street in Woodbury, NJ was involved in a recent transaction. The property spans a total of 52,129 square feet and is categorized as an Office space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,680,000
- Loan Type: Acquisition
- Loan Terms: 5 years, 30-year amortization, 2.33%, non-recourse
OceanFirst Bank provided a loan in the amount of $4,680,000 for the acquisition of the property. The loan has a term of 5 years with a 30-year amortization schedule and a non-recourse agreement. The interest rate is set at 2.33%. The landlord of the property is Midtown Equities. Morris Dweck, representing ABS Altman Warwick, served as the broker for this transaction.
Players
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3
Agents
1
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Morris Dweck
DATE: 09/20/2021
ADDRESS: 603, 608, 620 & 730 North Broad Street
MARKET: Woodbury, NJ
ASSET TYPE: Office ~ SF: 52,129
LENDER: OceanFirst Bank
LANDLORD: Midtown Equities
BROKER: Morris Dweck - ABS Altman Warwick
LOAN AMOUNT: $4,680,000
LOAN TYPE: Acquisition
LOAN TERMS: 5 years, 30 year amortization, 2.33%, non-recourseView on map
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Address603, 608, 620 & 730 North Broad Street
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