Jones Lang LaSalle
Ivy Refinances Industrial Portfolio
HFF Brokers $20 Million Refinancing at Mahwah Business Center
Ivy Realty has refinanced $20 million for its commercial buildings on McKee Drive in Mahwah, NJ. Ivy owns more than 500,000 square feet at the Mahwah Business Center, at the intersection of I-287, the NY Thruway and Route 17.
The refinancing allows Ivy to take advantage of a fixed loan rate instead of a floating rate. This fixed rate will provide money for future business projects planned by the company.
David Archibald, senior investment officer for Ivy Realty, represented Ivy. Aetna was the lender, and Holliday Fenoglio Fowler LP served as the mortgage broker.
Ivy Refinances Industrial Portfolio
HFF Brokers $20 Million Refinancing at Mahwah Business Center
Ivy Realty has refinanced $20 million for its commercial buildings on McKee Drive in Mahwah, NJ. Ivy owns more than 500,000 square feet at the Mahwah Business Center, at the intersection of I-287, the NY Thruway and Route 17.
The refinancing allows Ivy to take advantage of a fixed loan rate instead of a floating rate. This fixed rate will provide money for future business projects planned by the company.
David Archibald, senior investment officer for Ivy Realty, represented Ivy. Aetna was the lender, and Holliday Fenoglio Fowler LP served as the mortgage broker.
posted by Jones Lang LaSalle NJ News Blog at 2:43 PM
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