Loan Amount: $4,125,000
Property Type: Industrial Flex Property
This industrial-flex property in East Windsor, NJ contains multiple buildings, a high-tech manufacturing facility and a number of additional parcels.
The borrower sought a refinance to provide cash out for working capital while waiting for FDA approval of injectable pharmaceuticals and to pay off a business partner. Stronghill provided a $4,125,000 loan at a 5.75% interest rate for a 5-year fixed term, amortized over 25 years. Stronghill increased the loan amount by $1,125,000 from the initial request.