Medical Office / Acquisition

1st Lien Position

Denville, NJ

– Acquisition and TI/LC financing for a vacant building in Denville, NJ
– The property was formerly a mixed-use building
– Prior to closing, the borrower had a signed lease with a non-profit healthcare provider
– The West Bay loan included a $4.8 million future funding component to convert the building into a medical office facility

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