(To read more on the debt and equity markets, click here.)
MORRISTOWN, NJ-A mortgage loan amounting to $5.4 million hasbeen obtained by 65 Madison Ave. Associates, an entity owned byConsolidated Commercial Realty Group LLC, secured by the officebuilding located at 65 Madison Ave. here. The funding was providedby Spencer Savings Bank of Elmwood Park, NJ.
The deal was arranged by John Duncan, Spencer's senior vicepresident and senior lending officer, and Harry Seidman, presidentof Commercial Finance Group of Morris Plains, NJ. The loan providesa fixed interest rate for a 10-year term, according to Duncan.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
