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Manasquan Savings Bank Provides $1.5M Acquisition Loan For Shrewsbury Office Property

20 Avenue at the Common
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This Office property located in NJ received a loan of $1,500,000 almost 3 years ago. The brokers of the deal were Evan Boles and David May

The office property located at 20 Avenue at the Common in Shrewsbury, NJ has recently undergone an acquisition. The transaction was finalized on 05/04/2021.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,500,000
  • Loan Type: Acquisition
  • Lender: Manasquan Savings Bank
  • Landlord: Donald Cresitello
  • Brokers: David May - Cre Loans; Evan Boles - Progress Capital

The office property, situated in Shrewsbury, NJ, was acquired with a loan amount of $1,500,000. The lender in this transaction was Manasquan Savings Bank. The landlord, Donald Cresitello, facilitated the acquisition. The brokers involved in the deal were David May from Cre Loans and Evan Boles from Progress Capital.

For more information, you can visit the Instagram post here.

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Deals
  • Location
    20 Avenue of the Common, Shrewsbury, NJ, USA20 Avenue of the Common, Shrewsbury, NJ, USA
  • Loan Value
    $1,500,000$1,500,000
  • Asset Type
    OfficeOffice
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Evan Boles

Evan Boles

Deals15
Financed$42.5M

David May

David May

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Financed$24.2M

Agency

Progress Capital

Progress Capital

Agency
Deals382
Volume$4.9B

Deal Summary

LOAN IMAGE: David May & Evan Boles DATE: 05/04/2021 ADDRESS: 20 Avenue at the Common MARKET: Shrewsbury, NJ ASSET TYPE: Office LOAN TYPE: Acquisition LENDER: Manasquan Savings Bank LANDLORD: Donald Cresitello BROKERS: David May @Cre_Loans; Evan Boles @EvanBoles_ - Progress Capital @Progress.Capital LOAN AMOUNT: $1,500,000

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20 Avenue at the Common

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