BERKADIA PROVIDES $85M MIXED-USE PROPERTY IN NEW JERSEY

by admin

EDGEWATER, N.J. — The New York office of Berkadia Commercial Mortgage has arranged an $85 million revolving credit facility for a mixed-use property located in Edgewater. The borrower, One Main Street Edgewater LLC, will use the loan to retire existing debt on the View at Edgewater Harbor. Located at 1 Main St., the property consists of 162 multifamily units and nearly 47,000 square feet of retail space. The residential units offer a mix of studio, one- and two-bedroom layouts. On-site amenities include a fitness center, pool, rooftop deck and clubhouse. Home Goods, Five Guys Burgers & Fries and Haven Restaurant occupy the retail space. John DiCrocco of Berkadia secured the five-year, floating-rate loan through the Freddie Mac program.

You may also like