Deerwood Real Estate Capital, a commercial real estate advisory firm based in Englewood Cliffs, NJ, closed an $11 million non-recourse bridge loan on a 120,000 s/f multi-tenant office building in Warren, NJ.
The loan was funded at nearly 80-percent of the purchase price and an additional future funded amount of 100 percent of leasing cost and capital expenses.
The loan closed in under 60 days from signing and the sponsor was pleased with the quick and smooth loan process.
Deerwood’s Yaakov Leiser negotiated the bridge loan terms
