Cronheim-Franklin-Park-NJ

Cronheim Mortgage Secures $10.3M Refinancing for Retail Property in Franklin Park, New Jersey

by Amy Works

FRANKLIN PARK, N.J. — Cronheim Mortgage has secured $10.3 million in refinancing for a grocery-anchored retail center located in Franklin Park. The non-recourse loan features a three-year term and a 30-year amortization schedule. A mix of local and national retailers, including Dollar General and PNC Bank, occupy the 67,531-square-foot property. The name of the borrower was not released.

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