B — July 12 - 25, 2013 — New Jersey — Mid Atlantic Real Estate Journal
www.marejournal.com
N ew J ersey
Cohen completes $630,000 mortgage for ground lease NorthMarq Capital arranges $6.15m mortgage in Mahwah
M
ahwah, NJ — Gary Cohen , senior VP and senior director
of NorthMarq’s North NJ re- gional office, arranged a first mortgage refinancing of $6.15 million for 10 Industrial Ave., a 91,448 s/f warehouse/office property. Financing was based on a 5-year term and a 25-year amortization schedule. North- Marq arranged this financing for the borrower, Hampshire Generational fund. In a second transaction Co- hen arranged a first mortgage loan in the amount of $630,000 for the refinance of a 10,000 s/f ground lease to Valley Cottage
10 Industrial Avenue
CELEBRATING OUR 107 TH YEAR
201 route 303
Industrial located at 201 route 303 in Valley Cottage, New York. Financing was based on a 3-year term and a 25-year amortization schedule. “The borrower had no debt on the property but had to raise cash in a hurry and refinanced the property,” Cohen said. “We introduced the deal to a local bank that required a personal guaranty from the principal. They were able to provide a competitive rate and very flex- ible prepayment terms.” n Fenlon joins Colliers Int’l. Parsippany, NJ — Col- liers International continues to expand its New Jersey bro-
Investment Real Estate Brokerage
Wilmington, Delaware 192 Residential Units Jonathan Greenberg ext 258
Elsmere, Delaware 156 Residential Units Jonathan Greenberg ext 258
Paterson, New Jersey 50,000 SF Office/Retail Robert Squires ext 258
kerage team with the ad- dition of in- dustry leader B r a d f o r d Fenlon , who will serve as an executive m a n a g i n g d i r e c t o r. A
Bradford Fenlon
tenant representation special- ist with a focus on corporate clients, throughout his career Fenlon has arranged more than 11 million square feet of trans- actions in the New Jersey and New York markets and nation- wide, with an aggregate value in excess of $1 billion. Prior to joining Colliers In- ternational Fenlon was a senior VPin the Saddle Brook, NJ of- fice of CBRE, dating back to the Edward S. Gordon Co.. Prior to CBRE, he served as a VP with Cushman & Wakefield. n
Robbinsville, New Jersey Development Deal to Build Approx. 78 ± Apartments Matt Weilheimer ext 253
Asbury Park, New Jersey 11,972 ± SF Matt Weilheimer ext 253
Winslow Township, New Jersey 21.48 Acres Commercial Matt Weilheimer ext 253
multifamily. retail. office.
www.kislakrealty.com 732 750 3000
The Kislak Company, Inc.
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