Harold D. Baker & Co. arranges refinancing for N.J. two properties

Old Bridge, NJ Harold D. Baker & Co., Inc. has arranged refinancing for two commercial properties. A $2.9 million first mortgage for a 10-year term with 30-year amortization was placed with a savings bank on a 15,000 s/f CVS anchored shopping center. The center is located on a 2.94 acre site on Rte. 516.

A $1.5 million first mortgage for a 10-year term with 30-year amortization was placed with a savings bank for a 2.1 acre site net leased to AutoZone. AutoZone has constructed and operates a 10,156 s/f free standing store on the site, located on Springfield Ave. in Irv-ington, N.J.

Harold D. Baker & Co., Inc., 60 East 42nd Street, New York, New York specializes in the arrangement of real estate financing including permanent mortgages, acquisition loans, mezzanine financing and construction loans.