Mid Atlantic Real Estate Journal Lender’s Directory — Financial Digest — November 9 - 22, 2018 — 7D


L ender ’ s D irectory

Company closes on three key commercial property loans O’Malley andMcGinley of DuquesneCommercial Funding secure $16million in commercial loans P

HILADELPHIA, PA — Duquesne Com- mercial Funding , a Pennsylvania-based commer- cial lending firm, recent- ly closed on t h r e e k e y commercial p r o p e r t y loans for a total of $16 million in fi- nancing. Led by Gerard O ’ Ma l l e y and TimMc- Ginley , the Du q u e s n e teamworked closely with the respec- t i ve pr op - erty owners to secure financing for each property. “Our team at Duquesne Commercial Funding is proud to have leveraged our lending relationships to ensure our borrowers had seamless closings,” said Gerard O’Malley, manag- ing director. “Each of these properties represents an important segment of our regional economy--the of- fice market, mixed-use, and warehouse--and their suc- cessful closing is an indicator of the opportunity available in each market.” The deals included office, mixed-use, and a warehouse property as follows: • Berkshire Hathaway Of- fice Building - Located: 338 West Lan- caster Avenue, Haverford, PA 19041 - Secured: Non-recourse loan of $3.6 million at 4.8% for 10 years with 25-year amortization - Flexibility: Closed loan in less than 30 days • Mixed-Use Building - Located: 5 S Main St, Doylestown PA 18901 o Secured: $3.7 million at 4.5% for 7 years with 25-year amortization - Flexibility: Low transac- tion cost • Dutch Pr ime Foods (Warehouses) - Located: 310 N Railroad Ave Rio Grande, NJ 08242 - Located: 235 West Ave, Long Branch, NJ 07740 - Secured: Loan amount $6.7 million plus a $2 million line of credit; 4.5% for 7 years Gerard O’Malley Tim McGinley

338 West Lancaster Avenue, Haverford, PA

with 25-year amortization o Flexibility: Reduced bor- rower equity requirement by

bridging company lending to maximize proceeds. No pre- payment penalty. 

310 N Railroad Ave Rio Grande, NJ

Since 1978, Carl Berger Associates, Inc. has been a leader in the commercial loan industry and a long-time advisory board member of several banks/financial institutions in the tri-state area. We specialize in creating, coordinating and facilitating custom financing options for our clients. We have extensive knowledge and experience with government sponsored loan programs, grants and incentives from the Small Business Administration (SBA) and the New Jersey & New York Economic Development Authority (NJEDA & Build NYC) and tax exempt bonds for manufacturers, non-profit organizations, and educational (private and independent schools) which helps us to create innovative, favorable financing packages at the best possible rates. CBA Carl Berger Associates, Inc. Helping Businesses Obtain Commercial Financing

For over 40 years, we have been helping clients in the following industries: Education (private and independent schools) 501c3 Non-Profit Organizations Manufacturing Warehouse Distribution Import/Export Retail Trucking

Current loan options include a 10-20% down payment and interest rates between 3-4% for the following use of proceeds: New Construction Line of Credit Acquisition of Land and Building Renovations and Expansions Refinance of Existing Corporate Debt Purchase of Machinery and Equipment


17 Furler Street | Totowa | NJ 07512 | 973.256.5330 | www.carlberger.com

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