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NEW YORK CITY — Johnson Capital has arranged a $2.3 million loan for the 36,000-square-foot Spice Factory mixed-use property in Flemington. The property consists of a three-story, 32,000-square-foot office building and a two-story retail building. The property is a former spice factory built in 1930 and converted into office space in 2001. The borrower purchased a defaulted loan at a discount to the unpaid principal balance and simultaneously took title through a pre-negotiated agreement with the owner. The new 18-month loan accounts for 67 percent of the total project costs, including property acquisition, fees and transaction costs.