FINANCED
PGIM Real Estate Provides $87.1M Loan For Mixed-Use Property In Montclair
34 Valley Road
Mixed-use
35,941 SF
35,941 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
Mixed-use
35,941 sqft
The mixed-use property located at 34 Valley Rd in Montclair has recently been involved in a closed transaction. The property comprises 258 units and is owned by LCOR, Inc. and Madison International Realty.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $87,100,000
- Date: 06/21/2022
- Address: 34 Valley Rd
- Market: Montclair
- Units: 258
The lender for this transaction was PGIM Real Estate, represented by Justin Levitt. The loan obtained for the property amounted to $87,100,000 and has a seven-year, floating-rate term. JLL, represented by Jim Cadranell, Jon Mikula, and Michael Lachs, acted as the brokers in the deal.
Players
All
4
Agents
3
Agencies
1
Details
FINANCED
IMAGE: Jim Cadranell, Jon Mikula & Michael Lachs
DATE: 06/21/2022
ADDRESS: 34 Valley Rd
MARKET: Montclair
ASSET TYPE: Mixed-use ~ UNITS: 258
LENDER: PGIM Real Estate - Justin Levitt
LANDLORD: LCOR, Inc. & Madison International Realty
BROKERS: Jim Cadranell, Jon Mikula & Michael Lachs - JLL
LOAN AMOUNT: $87,100,000
LOAN TERMS: seven-year, floating-rate loanView on map
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Address34 Valley Road
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