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EDGEWATER, N.J. — One Main Street Edgewater LLC has secured a $41.5 million loan for a multifamily and retail property at 1 Main St. in Edgewater. The 12-month loan will be used to pay off an existing construction loan and will allow for partial recapture of the borrower's equity. The 132,000-square-foot property, the second phase of a development of 495 residences and 100,000 square feet of retail, consists of two buildings containing 110 apartments and approximately 16,000 square feet of retail space. Construction is set to be completed in February. John DiCrocco of Berkadia Commercial Mortgage LLC arranged the loan.