BridgeCity Capital Provides $44M Bridge Loan For Princeton Office Complex In New Jersey
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This Office property located in NJ received a loan of $44,000,000 about 2 years ago.
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- Location7 Roszel Road, Princeton, New Jersey 08540, United States
- Loan Value$44,000,000
- Asset TypeOffice
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Deal Summary
LOAN
IMAGE: Moishe Loketch, Louis Lebovits, Allan Lebovits & Pinny Loketch
DATE: 02/07/2022
ADDRESS: 7&9 Roszel Road
MARKET: Princeton, NJ
ASSET TYPE: Office ~ SF: 302,454
LENDER: BridgeCity Capital (@BridgeCityFunding) - Pinny Loketch, Allan Lebovits, Louis Lebovits & Moishe Loketch (@Loketch_Group)
LANDLORD: Abraham Brach
LOAN AMOUNT: $44,000,000
LOAN TYPE: Bridge
LOAN TERMS: Ground Leasehold financing, 12 months + extension options; LTV 75%
NOTE FROM @BridgeCityFunding: Fully leased, immaculate office complex with national corporate tenancies located in the in the flourishing Princeton submarket of New Jersey.BridgeCity Capital is actively financing mixed-use, residential, industrial & construction projects in the NY & Tri-State Area, South Florida & various other states. Visit us at www.bridgecityfunding.com or send loan inquires to [email protected]
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