FINANCED
TriState Bank Provides $1.1M Cash-Out Refi Loan For Retail Property In Perth Amboy
633 New Brunswick Avenue
Retail
3,062 SF
3,062 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
Retail
3,062 sqft
Located at 633 New Brunswick Avenue in Perth Amboy, this retail property recently underwent a closed transaction on December 31, 2020. The property was financed by TriState Bank with a loan amount of $1,100,000. The loan terms included a non-recourse, cash-out refinance at an interest rate of 3.65%. The property is owned by PJT Perth Amboy LLC.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $1,100,000
- Lender: TriState Bank
- Landlord: PJT Perth Amboy LLC
- Loan Terms: 3.65% interest rate, non-recourse, cash-out refinance
The brokers involved in this deal were Jeff Feldman and Aaron Rosenfeld, representing AANDAR Real Estate Capital.
Players
Details
FINANCED
IMAGE: Jeff Feldman & Aaron Rosenfeld
DATE: 12/31/2020
ADDRESS: 633 New Brunswick Avenue
MARKET: Perth Amboy
ASSET TYPE: Retail
LENDER: TriState Bank
LANDLORD: PJT Perth Amboy LLC
BROKERS: Jeff Feldman (@JFeldman.Cre) & Aaron Rosenfeld - AANDAR Real Estate Capital
LOAN AMOUNT: $1,100,000
LOAN TERMS: 3.65%, Non-recourse, cash out refi
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Address633 New Brunswick Avenue
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