HGI provided a mezzanine loan towards the purchase of a class A office asset located in Rutherford, New Jersey.
The asset is located approximately 8 miles from Manhattan and is considered one of the premier buildings in its submarket.
Location: Rutherford,, NJ
Investment Date: August 2015
Total Capitalization: $129,000,000
Mezzanine Loan Amount: $12,000,000
Size: 602,978 square feet