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CARLSTADT, NJ-Carlstadt Partners LLC, a local group, has obtained a $5 million financing package for its recently acquired portfolio of five commercial properties here. Aegon USA Realty Advisors provided the funding in a transaction that was arranged by James Gunning, a senior director in the New Jersey office of LJ Melody & Co., the real estate banking arm of CB Richard Ellis.

The so-called Veterans Boulevard portfolio consists of 390, 400, 420 and 440 Veterans Blvd., and 484 Washington Ave. Four of the five sites are built out, three with one-story office buildings, the largest being 40,000 sf, and the other with a one-story former bank branch. The latter is currently leased to but not occupied by Fleet Bank.

The fifth property is an undeveloped, 1.43-acre site, which the borrower intends to develop into either a combination office/warehouse building, or a commercial property. All five of the covered assets were cross-defaulted.

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