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PRINCETON, NJ-GHP Office Realty has obtained a $13.32-millionpermanent loan that will be used to refinance its 29 Thanet Circle,a 53,000-sf office building here. The loan was placed by GusCostaldo of Houlihan-Parnes/iCap Realty Advisors, of which GHPOffice Realty is the office building division. Both are based inWhite Plains.
According to Costaldo, the loan consists of an interest-only,fixed rate of 5.8%, or 96 basis points over the 10-year USTreasury, with a 10-year term. The funding represents 80% of theappraised value of the building.
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