6A — December 9 - 22, 2016 — M id A tlantic
Real Estate Journal
www.marejournal.com
F inancial D igest Turley, Proscia and Pacailler originate/place loan Cronheim closes $27.8MM for six CNJ/NNJ properties
N EWJERSEY — Cron- heim Mortgage ar- ranged a cash out re- finance of $27.8 million for six northern and central New Jersey properties. The assets created a diverse portfolio with office, industrial and retail situated in select loca-
Recently Closed Loans
tions in Morris, Somerset and Mercer Counties. Each prop- erty is well-leased with strong historical occupancy allowing the lender’s aggressive under- writing to support a 75% LTV. The borrower’s objective was to cash out some of the sig- nificant equity that had been
created over its many years of ownership and capital invest- ments in the properties. That goal was achieved by securing a favorable rate with 30 year amortization. This loan was originated and placed by David Turley, Janet Proscia and Jeff Pacailler . n
KW Commercial, The Daniel Perich Group closes $9.69MM 1031 exchange
$2,832,000 $17,000,000 DaVita Dialysis Construction Loan Retail/Office Refinance Corpus Christi, TX Bethlehem, PA 85% LTC, 18 Months, LIBOR + 300 bps 75% LTV, 7/25, 4.82%, Non-Recourse, 3-Years Interest Only
Real Property Capital is a Philadelphia based full service commercial mortgage banking firm with a regional focus and national capabilities. Our business model emphasizes client satisfaction through a high-touch, analytical approach that distinguishes us from the competition. Learn more about our distinct approach and proven track record of success at www.realpropertycapital.com . FOR MORE INFORMATION: R. Brenner Green, President 303 Harry Street • Conshohocken, PA 19072 • 610-456-9644 • bgreen@realpropertycapital.com
124 East Post Rd.
OPPORTUNITY Promote Your Company
Quick Grille; a STNL Dollar General in Bethel, PA; and Kings Village Shopping Cen- ter in Minersville – an 83,000 s/f neighborhood center with Rite Aid, Family Dollar, Sub- way and Smokin’ Joe’s. n
DICKSON CITY, PA — KW Commercial, The Dan- iel Perich Group closed on the sale of three investment properties totaling $9.69MM. The 1031-exchanges were rep- resented by Daniel Perich,
CCIM , managing director of KW Commercial, The Daniel Perich Group. The sale included a retail center in Dickson City with Primanti Brothers, Vitamin Shoppe and Marzano’s Italian
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Houlihan-Parnes Realtors announces placement of a $600,000 first mortgage
• Brokered Transactions • New Services/Products • Projects Completed or Underway • Expert Articles • Appointments, Promotions, & Honors • Events • Mergers & Acquisitions • Financing Deals The Mid Atlantic Real Estate Journal welcomes all editorial dealingwith the commercial/ office properties spotlight. e-mail: bholyoke@marejournal.com
WHITE PLAINS, NY — Houlihan-Parnes Realtors LLC announced the placement of a $600,000 first mortgage on 124 East Post Rd., a 5,576 s/f building in White Plains. The 7-year, non-recourse loan is fixed at 3.75% interest on a 30-year amortization schedule. The re- tail building is fully occupied and includes the Kee Oyster House restaurant. The borrower was represented by Christie Hou- lihan , and title was provided by First American Title . n
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124 East Post Rd.
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