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CBRE Structures Monroe Retail Refinance

MONROE TOWNSHIP, NJ—CBRE completed a $7.7 million first mortgage refinancing secured by Monroe Town Center, a 32,205-square-foot community retail center in Monroe Township, NJ. It's the second time CBRE has helped the borrower finance the asset.

By Steve Lubetkin | Updated on July 26, 2015

MONROE TOWNSHIP, NJ—CBRE completed a $7.7 million first mortgage refinancing secured by Monroe Town Center, a 32,205-square-foot community retail center in Monroe Township, NJ. It’s the second time CBRE has helped the borrower finance the asset. 

The CBRE Capital Markets Debt & Structured Finance team of James Gunning, Donna Falzarano and Evan Kleppe arranged the refinancing on behalf of Monroe Center Associates. Following a competitive bidding process involving a number of lenders and offers, the borrower selected a CMBS loan with a 10-year term from UBS Real Estate Securities.

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