Call Center

New Jersey commercial real estate loan

Amount: $9,000,000
Property Type: Office
Loan Type: Fully amortizing
Loan Term: 12 year term

This single tenant call center was originated by a CMBS lender with an amortization that matched the remaining term under the primary lease of 12 years 11 months. The $9,250,000 paid off the construction loan. The issue was the unique nature of the 69,287 square foot building with an oversized parking lot.