Four separate loans all made through Great-West Life & Annuity Insurance Co. and secured by four distinct properties comprising 564,895 s/f of industrial space. The loan amount of $24.241 million has a seven-year fixed rate term at 3.62% and a 30-year amortization.
Investors Bank provided financing for the third transaction, a 68,810 s/f industrial building located in Branchburg, N.J. The subject property involved a loan amount $2.1 million with a five-year adjustable rate and a ten-year term.
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