Paramus, NJ JLL’s Capital Markets has arranged $290 million in refinancing for Bergen Town Center, a one-million s/f shopping center anchored by Whole Foods and Target. JLL exclusively represented the borrower, Urban Edge Properties, to secure the loan through New York Life
Hoboken, NJ Faropoint, a leading real estate investment firm focused on last-mile industrial properties in high population growth markets, has completed the acquisition of two Class B industrial properties totaling 113,979 s/f for $28.3 million. The buildings are located in the Ridgefield submarket in the Meadowlands, and are occupied by Biazzo
Fort Lauderdale, FL Refined is pleased to announce Alec Feintuch recently arranged the successful closing of a $3.9792 million commercial mortgage for the acquisition of an owner-occupied office building. The mortgage was secured at an interest rate in the 6% range with a 25-year amortization
Farmington, MO Axiom Capital Corp. has structured and arranged a $3 million permanent loan (5 year, fixed rate, non-recourse) for the refinance of a freestanding retail building. The property was built in 2016 and contains a 51,373 s/f single tenant building with 162 surface parking spaces situated on 3.90
Cronheim Mortgage has secured permanent financing for two Florida properties, the Parkway Professional Building, a 42k+ SF office property, and the Tri City Center, a 90k+ SF retail property. Andrew Stewart, Dev Morris, and Allison Villamagna placed the financing with StanCorp Mortgage Investors
The M&T Charitable Foundation, the philanthropic arm of M&T Bank, announced Amplify Fund grant recipients for New York City and nearby regions, totaling $3.8 million committed to 31 non-profit organizations focused on community organizing, environmental, and financial empowerment initiatives
Dallas, TX The International Institute of Building Enclosure Consultants (IIBEC) announced its first class of CBECxP certification holders. The group of 15 individuals who had earlier applied for IIBEC’s new credential
Morristown, NJ Cronheim Mortgage has secured $12 million in permanent financing for Lindsley Arms Apartments, a 180-unit garden-style apartment community. Andrew Stewart, Dev Morris,
Norristown, PA Neal Colligan, Principal at Largo Capital, arranged a $15 million loan to refinance a 328-unit multifamily property.
Lewisville, TX Axiom Capital Corp. has structured and arranged a $6,392,000 permanent loan (2 year with 1 year extension option, fixed rate) for the acquisition of a single tenant specialty grocer
