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Retail

Floating Rate Loan - Refinance

  • $6,500,000
  • 21,250 SF Retail Plaza
  • Totowa, NJ

Axiom Capital Corporation announces the closing of a $6,500,000 permanent loan for the refinance of a multi-tenant, single story retail building comprised of 1.43 acres located in Totowa, Passaic County, New Jersey. The building is 21,250 SF occupied by three retail stores including the national tenants Casual Male and Verizon Wireless. Passaic County, is part of the New York metropolitan area, and is one of the most densely populated and intensively developed areas in the country. The town in which the property is located has a diversified economic base and is one of the more affluent regions of New Jersey. It is a desirable suburban community with a well-balanced mix of property types. The area has good access to regional highway systems and is quite diverse in terms of employment opportunities.