Monroe Township, N.J. — The transaction was structured with a 10-year term and 30-year amortization schedule.
NorthMarq Capital’s New York metro office has arranged an $18 million mortgage loan for the refinance of Concordia Shopping Center, a 135,090-square-feet retail property located in Monroe Township, New Jersey. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Stop & Shop is the property’s major tenant. Ernest DesRochers, senior vice president and co-managing director of the office, arranged the transaction.