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Walker & Dunlop has secured a $60 million bridge loan for Bell Works Fort Monmouth, a mixed-use development in Tinton Falls featuring 276,900 square feet of office and retail space.
The financing was arranged by Walker & Dunlop's Capital Markets Institutional Advisory team for a joint venture partnership between Inspired by Somerset and H.I.G.
Realty Partners, supporting the ongoing operation and development of this significant commercial real estate asset in Monmouth County.
Quick context
- What is Bell Works Fort Monmouth?
- Bell Works Fort Monmouth is a 276,900-square-foot mixed-use campus in Tinton Falls that combines office and retail spaces. It represents a significant commercial real estate development in New Jersey's Monmouth County area.
- Who arranged the $60 million bridge loan?
- Walker & Dunlop's Capital Markets Institutional Advisory team arranged the bridge loan on behalf of the ownership joint venture.
- Who owns Bell Works Fort Monmouth?
- The property is owned by a joint venture between Inspired by Somerset and H.I.G. Realty Partners.
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