505 Lenola Road Perm

Details

A $4,200,000 non-recourse permanent loan for the acquisition of a 48,000 square foot Class B office building located in Moorestown, New Jersey. The seven-year loan is based on a 25-year amortization schedule and features four months interest-only. The loan features an interest rate of 4.50% and was underwritten at 75% loan-to-value.

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