Refinance of Debt on Marina in Toms River, New Jersey
Leisure Financial Group (“LFG”) is pleased to announce the closing of a $1,750,000 loan to refinance existing debt for Hobby Lobby Marine in Toms River, New Jersey. Greg Lewis, Managing Director of LFG (glewis(at)leisurefinancialgroup.com) led the effort to structure and arrange an attractive first mortgage to refinance the family-owned and operated marina and boat dealer.
According to Lewis, “Working with the client, LFG was able to help structure and arrange a first mortgage loan to take out existing financing that was coming due.” Lewis further stated, “LFG’s experience in the marina industry helped to bring several loan options to the client and position the property for long-term success.”
LFG is an experienced brokerage firm that structures, arranges, and services, loans in the real estate industry specializing in traditional assets in commercial real estate as well as specialty assets such as Hotels, Resorts, Golf Facilities, and Marinas. LFG provides clients access to Capital from a wide variety Banks, Life Insurance Companies, CMBS, and private lending groups. LFG’s executive team has over 40 years of experience in real estate lending and has generated over $5 Billion in loan originations since 1990.