Natixis Lends $6M to Offices in Neptune, NJ

The owners of a three-story office building in Neptune, NJ, borrowed $6 million in a 10-year permanent loan from Natixis. The building at 1800-1836 West Lake Ave. received an attractively-priced loan which offered two years of interest only.

The lender was very flexible and executed in a timely manner, according to CBRE Capital Markets, which arranged the loan on behalf the owners: a two-member tenant-in-common structure.

Built in 2010, the 48,492-square-foot office building is managed by Weiss Realty. Prominent tenants include Hackensack Meridian Health, the Department of Treasury for the State of New Jersey, and West Lake Pharmacy.

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