12A — October 16 - 29, 2015 — Financial Digest — M id A tlantic
Real Estate Journal
www.marejournal.com
F inancial D igest 30 year amortization for an affiliate of Hartz Mountain Industries Cronheim finances $35 million for a 509,093 s/f Port Elizabeth industrial property E LIZABETH, NJ — An- drewStewart and Dev Morris have secured
access to the largest and most affluent consumer market in North America. Shippers can reach 100 million consumers within a day’s departure of the port. Shippers are also afforded a choice of rail ser- vices with extensive market reach to the eastern half of the USA and beyond. With new 1000-foot double track rail siding, the Subject is now one of the only buildings in the port district that is has a private connection for indus- trial transport to nearby APM Terminal, Maher Terminal and Port Newark Container Terminal. n Lehigh Financial helps purchase community center ALLENTOWN, PA — A year after announcing their vision, the Bradbury Sullivan LGBT Community Center finally has a building to call its own, thanks to a mortgage acquired through the assis- tance of the team at Lehigh Financial Group . Once open, the 13,000 s/f building at 522 W. Maple St. right off of W. Hamilton St. in Allentown, the Lehigh Val- ley’s first LGBT community center in downtown Allentown will provide direct services to members of the LGBT com- munity, including cultural, educational and health promo- tion programs. Lehigh Financial’s Jeff Bar- ber and Lewis Edwards helped arrange the financing through People’s First Fed- eral Credit Union for the organization. “Non-profit financing is among the hardest to get done, nationally, so when you can get financing for an organiza- tion like this, it really speaks to the strength of that organi- zation,” Barber said. “People’s First did something not many lenders do for non-profits, but the Bradbury Sullivan LGBT Community Center is a very thorough organization. They have very strong management and organization.” n 522 W. Maple St.
$35 million in financing for a 509,093 s/f industrial prop- erty in Elizabeth, less than two miles from Port Eliza- beth. The loan was structured with a 5 year termand 30 year amortization for the borrower, Hartz Elizabeth, Inc. , an affiliated entity of Hartz Mountain Industries, Inc . The subject property, situ- ated at 201 Bay Ave. in Eliza- beth, was constructed circa 1990 and features warehouse ceiling heights of 26’ 6” clear,
201 Bay Avenue
The facility is located in the heart of the ports of New- ark and Elizabeth, just off
Exit 13A of the New Jersey Turnpike. The ports and New Jersey’s ideal location provide
61 loading docks, and approxi- mately 9,000 s/f of mezzanine office space.
HARD MONEY | BRIDGE LENDER
FAST, FLEXIBLE & RELIABLE ACCESS TO SHORT TERM CAPITAL
All Asset Classes Considered
Discounted Pay-Offs Asset Repositioning Bridge Financing Foreclosures Note Purchases New Construction
Debt Restructuring Tenant Improvements Mezzanine and Joint Venture Options Available Development
Loan sizes ranging from $100,000 to $10,000,000 in NJ, NY, PA & CT.
Tell us the story of your deal Brokers always protected
Alpha Funding Solutions, LLC | 29 Union Ave. Lakehurst, NJ 08733 P. 732-657-2014 | F. 732-400-9001 | info@alphafunding.com | www.alphafunding.com
Made with FlippingBook HTML5