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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

Description:  

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.