Gunning, Falzarano and Saviano of CBRE’s Debt & Structured Finance team negotiate $19.5 million
SOUTH BRUNWICK, NJ — CBRE has secured a $19.5 million loan for a soon-to-be-completed, 305,598 s/f warehouse/industrial facility located at 2270 Route 130 in South Brunswick. Through an extensive and competitive marketing campaign, CBRE arranged the loan on behalf of 2270 Route 130 LLC. James Gunning, Donna Falzarano and Kyle Saviano of CBRE’s Debt & Structured Finance team negotiated the financing. Recognizing the borrower’s preference for long-term ownership, CBRE completed a targeted campaign, and secured an aggressive quote from Principal Real Estate Investors for a 20-year term. Lenders’ appetites for industrial product remain strong and completing a thorough marketing effort ensures borrowers are benefitting from the most attractive terms available.