FINANCING
PISCATAWAY NJ—The Cornerstone Group of NY has secured $4 million in financing for the 89,450 square-foot One Corporate Place South, Piscataway NJ, a class B owner-occupied office building with long term tenants. Cornerstone negotiated a long term financing arrangement with the lender that allows the building's owners to concentrate on their business and maintaining the property. “When a property is 51% or more owner-occupied, lenders really rely on the strength of the firm, and will underwrite the scenario to ensure that the company can hold the entire financing request, says Russell Nova, Cornerstone senior vice president. “We were able to showcase the strength of the business through its tech savvy building and strong corporate tenants.”
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