Hobby Lobby Marine, 1423 Bay Avenue, Toms River, NJ
TOMS RIVER, NJ—New Jersey-based commercial real estate lender Procida Funding is helping to keep a Toms River marina afloat, with a $1.75 million debt consolidation loan, on behalf of The 100 Mile Fund, which Procida exclusively manages.
The loan will refinance the existing debt on Hobby Lobby Marine, 1423 Bay Avenue and 40 Wilkens Road in Toms River, NJ.
Hobby Lobby Marine is a family owned & operated boat repair facility and marina owned by the Tweer family since 1961. Located in a quiet, secluded basin, the 2.85-acre property includes a two-story building, workshop, floating boat garage, 83 boat slips, storage and paint sheds, boat mechanic garage for service and maintenance, and an uncovered surface lot utilized for winter storage. The main two-story building contains a boat showroom and ship store, offices, storage space, and men's and women's bathrooms with showers.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
