Axiom Capital has arranged $4,000,000 in permanent financing for the refinance of a retail plaza in Clifton, NJ. The non-recourse loan was for 7 years and was accompanied by a $2,500,000 line of credit with a term of 2 years.
The Property is anchored by Corrado’s Market – a regional Italian and international specialty grocer. Retailers in the area include Planet Fitness, Aldi, Family Dollar, Harbor Freight Tools, CVS, Walgreens, Chase Bank, McDonalds, Burger King, KFC, just to name a few.
The subject property is located in the City of Clifton, New Jersey. The City of Clifton is part of the New York Metropolitan Area, located about 16.3 miles northwest of Manhattan near Montclair, New Jersey. The New Jersey Turnpike (Interstate 95) passes nearby through the eastern portion of the County. The property is also located near NJ I-80 and the Garden State Parkway. The Garden State Parkway crosses the city, connecting Bloomfield in Essex County to the south to Elmwood Park in Bergen County in the north.