Midtown Equities Secures $3.96M Acquisition Loan For Little Egg Harbor Medical Office With Rep Morris Dweck - KSR Capital

A medical office property located at 798 Country Route 539 in Little Egg Harbor, NJ has been involved in a recent transaction. The property spans approximately 16,993 square feet and is owned by Midtown Equities.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $3,965,000
• Loan Type: Acquisition
• Loan Terms: 5 year term, 30 year amortization, 1 year interest-only
• Loan Repayment: Non-recourse

Morris Dweck from KSR Capital represented the buyer in this acquisition deal. The loan amount of $3,965,000 was secured for the purchase of the medical office property. The loan has a 5-year term with a 30-year amortization schedule. The first year is interest-only. It is important to note that the loan is non-recourse, providing protection to the borrower.