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PISCATAWAY, NJ-M. Robert Goldman and Co. of New Jersey, based in Millburn, NJ, has arranged $6.2 million in permanent financing for the 73,868-sf 45 Knightsbridge Rd. office building here, according to Richard Koch. Koch, senior vice president of the commercial mortgage banking firm that structured and placed the transaction. According to Koch, Blumenfield Development Group will use the proceeds to buy the building from the current owner, who was not named.

The loan features a loan-to-value ratio of 75% and a loan-to-purchase price of 80%, according to Koch. It was placed with Bear Stearns, the Wall Street lender that MRG-NJ represents as a preferred originator. A single tenant wholly occupies the property.

The Millburn office of MRG-NJ was opened five years ago to provide financing services for income-producing properties. The office currently represents a dozen national commercial lenders and has closed loans ranging from $1 million to $65 million.

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