RIDGEWOOD, NJ—The Stro Companies completed more than $50 million in commercial real estate loans in six transactions during the summer. The transactions included acquisition financing for 34 Fairfield Place and 22 Law Drive, in Fairfield, NJ, which were both purchased vacant, for $3.1 million and $2.9 million respectively.
“Stro's record ofsuccess, repositioning, leasing and managing industrial properties made these loans very attractivetolenders,” says Michael Lachs, director of finance and investments.
Four of the loans were properties the company refinanced.
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