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44 Deforest Avenue
FINANCED

Columbia Bank Provides $5.3M Refinance Loan For Industrial Property In East Hanover, NJ

44 Deforest Avenue

Industrial
37,999 SF
Caillin Boles
Kathy Anderson
the dealplayerscompscontact

Summary

Loan
NEW JERSEY
Industrial
37,999 sqft

A loan of $5,325,000 was recently secured for the property located at 44 Deforest Ave in East Hanover, NJ. The property is an industrial asset with a size of 37,999 square feet. The loan was obtained from Columbia Bank to refinance the property.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $5,325,000

Kathy Anderson and Caillin Boles of Progress Capital represented the buyer as brokers in this deal. The landlord of the property is Commerce Park Investors, represented by Roy Pascal.

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Players

  • Agents

    2

  • Agencies

    1

  • Lenders

    1

Caillin Boles's profile picture
Caillin Boles
Progress Capital-image
Financial Analyst
$15.1M Sold
Kathy Anderson's profile picture
Kathy Anderson
Progress Capital-image
Founding Partner
$99.2M Sold

Details

Deal Summary
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FINANCED
IMAGE: Kathy Anderson & Caillin Boles DATE: 09/19/2022 ADDRESS: 44 Deforest Ave. MARKET: East Hanover, NJ ASSET TYPE: Industrial ~ SF: 37,999 LENDER: Columbia Bank (@ColumbiaBank) LANDLORD: Commerce Park Investors (@CommerceParkInvestors) - Roy Pascal BROKERS: Kathy Anderson (@Money.Girl.Kathy) & Caillin Boles (@CBoles21) - Progress Capital (@Progress.Capital) LOAN AMOUNT: $5,325,000 LOAN TYPE: Refinance

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