Suburban Office Property
Location: Hackensack, NJ
Property Type: Class A Office Complex
Loan Purpose: Acquisition / Value Add
Loan Type: Mezzanine
Loan Size: $11.5 Million
RCG Longview provided a $11.5 million mezzanine loan to a Sponsor in order to acquire a collection of three Class A office buildings in Hackensack, NJ. The Borrower intends to upgrade the property, increase occupancy and either sell or refinance upon stabilization.