Meridian Medical Office

Edison, NJ, USA

Loan Amount

$2,139,000

Deal Description

Kay Finance secured a JV/ LP equity check from a US based Private Equity firm. The local sponsor was able to secure the deal at a great basis. The property had several near term lease rolls in which they have since re-signed and extended. Since taking ownership they have been able to improve operations significantly and on track to comfortably outperform their initial return expectations.

Property Location

Edison, NJ, USA

 Quick Stats 
Partner Type

JV Equity

Program Type

Acquisition

Program details

- 90/10 equity split
- Waterfall (Promote)
- Max - 35/65 promote split
- 5 year investment outlook