Parsippany, NJ

$16,450,000 First Mortgage

In December 2019, a $16.5 million first-mortgage loan was extended to finance the acquisition of an office complex located at 99 & 119 Cherry Hill Road in Parsippany, New Jersey. The property is positioned within a well-established suburban office market with direct access to major highways and proximity to key Northern New Jersey employment hubs, supporting stable office demand and long-term tenancy.