Loan Type : Acquisition
Loan : $1,295,000
A $1,295,000 in permanent financing for the acquisition of a 28,000 sq. ft. Class B Industrial property located in Pennsauken, NJ. The loan features a 5-year term with an interest rate of the five-year FHLB plus 210 basis points on 25-year amortization. The loan was underwritten at 71% of the property’s value and is non-recourse.