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$4.09 Mil Financing Set for Shopping Center

FLORHAM PARK, NJ-The borrower, a group of local investors, will use the proceeds to fund an expansion and carry out capital improvements on regency Plaza.

By Eric Peterson | Updated on November 19, 2001

FLORHAM PARK, NJ-Regency Plaza LLC, owner of the 3.17-acre, 31,600-sf Regency Plaza shopping center here, has received financing in the amount of $4.09 million. The transaction consisted of a $3.25 million floor loan an additional $840,000 earnout.

The transaction was arranged by the Millburn, NJ office of M. Robert Goldman & Co. The 10-year loan is being used by the borrower for an expansion of the asset, as well as for general capital improvements, according to Richard Koch, SVP of the Goldman firm, who placed the structured the financing. The loan was placed with a Wall Street lender that MRG-NJ represents as a preferred originator.

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