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Lakeland Bank Provides $12M Loan For Self Storage Property On Van Buren Avenue, Westwood

10 Van Buren Avenue
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This property located in NJ received a loan of $12,000,000 over 1 year ago. The broker of the deal was Gregory (Greg) Nalbandian

The self storage property located at 10 Van Buren Avenue in Westwood has been involved in a recent transaction. The property comprises 830 units and is owned by Maxim Realty Trust, with Gerry A. Puccio acting as the landlord. The deal was facilitated by Gregory Nalbandian from JLL.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $12,000,000
  • Date: 09/29/2022
  • Address: 10 Van Buren Avenue
  • Market: Westwood
  • Units: 830

The 10-year, fixed-rate loan for this transaction was provided by Lakeland Bank. The loan amount was $12,000,000.

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Deals
  • Location
    10 Van Buren Avenue, Westwood, New Jersey 07675, United States10 Van Buren Avenue, Westwood, New Jersey 07675, United States
  • Loan Value
    $12,000,000$12,000,000
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Gregory (Greg) Nalbandian

Gregory (Greg) Nalbandian

Deals17
Financed$702.7M

Agency

JLL

JLL

Agency
Deals5579
Volume$332.6B

Lakeland Bank

Lakeland Bank

Lender
Deals29
Volume$ 59.3B

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Deal Summary

LOAN IMAGE: Gregory Nalbandian DATE: 09/29/2022 ADDRESS: 10 Van Buren Avenue MARKET: Westwood ASSET TYPE: Self Storage ~ UNITS: 830 LENDER: Lakeland Bank (@LakelandBank) LANDLORD: Maxim Realty Trust - Gerry A. Puccio BROKER: Gregory Nalbandian - JLL (@JLL) LOAN AMOUNT: $12,000,000 LOAN TERMS: 10-year, fixed-rate

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10 Van Buren Avenue

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