Loan Type : Refinance
Loan : $5,200,000
A $5,200,000 loan for the refinance of a 36,700 square foot office building located in Pennsauken, New Jersey. The ten-year non-recourse loan carries a fixed interest rate of 4.25% for the first seven years and will reset for the remaining three years. The loan was underwritten at 75% loan-to-value on a 25-year amortization schedule.