JFK Parkway
Short Hills, NJ

Investment Type: Acquisition Financing / Lender Financing
Property Description: Office
Loan Amount: $35MM

  • MRC originated a $35MM A-Note collateralized by the leasehold interest in a fully-leased, two-building, 315,000 RSF Class A office portfolio in Short Hills, New Jersey
     
  • The previous owner invested nearly $5MM into the portfolio, renovating conference rooms, revamping the café, renovating the garage, and building a new fitness center
  • The portfolio benefits from its proximity to the Morris Turnpike and Interstates 78 and 287
  • The B-Note lender approach MRC to provide the financing due to the firm’s reputation for certainty of execution and growing lender-finance business