Axiom Capital Corp. has arranged $15,000,000 in permanent financing for the refinance of a warehouse in Saddle Brook, NJ. The non-recourse loan was for 10 years amortized over 20 years. The loan demonstrated a sub 60% LTV at the time of closing.
The 6.49-acre site is extremely well located in Saddle Brook, Bergen County, New Jersey with close proximity to I-80, Garden State Parkway, US Rt. 46, and State Rt. 17. The property is situated approximately 10 miles from the George Washington Bridge and 15 miles from the Lincoln Tunnel with access to Midtown Manhattan at the gateway to the US’s largest consumer market.
The 100% leased 187,346 square foot warehouse facility, including 29,000 square feet of office, is the headquarters to a leading multi-category resource in today’s floor covering market with brands such as Calvin Klein, Michael Amini, Christopher Guy, Kathy Ireland, Hagaman, Waverly, etc.