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Town Title Agency recently insured two major portfolio transactions for TJ Caleca and ProudLiving Companies. The first was a $14mm refinancing of a multi-property portfolio located throughout New Jersey, for which we had previously insured the purchase. IceCap Real Estate Loan Fund I provided the financing on the refi.   The second portfolio – comprised of eight properties in East Orange, New Jersey – was purchased for $36.2mm, with Arbor Realty Sr., Inc., providing $34.5mm in financing.   ProudLiving...

Town Title Agency recently insured the $30mm purchase of a 15-property Investors Bank portfolio located throughout New Jersey and New York. Kearny Bank provided the financing for Investors Portfolio, LLC.   With more than 90 years of service in New Jersey and New York, Investors Bank has the financial strength and unparalleled commitment to provide value to their customers. It is their mission to provide high-quality products and services in an honest and straightforward manner while operating...

Town Title Agency recently insured the $37mm refinancing of the Roberts Towers Apartments complex located at 60 South Munn Avenue in East Orange, New Jersey. Arbor Commercial Funding I, LLC, provided the financing for ProudLiving.   ProudLiving Companies is a vertically integrated owner and manager of real estate. Focused on multifamily and mixed-use real estate in New Jersey, they seek to acquire deep value real estate assets and dramatically improve them.   Town Title Agency strives to be the...

Town Title Agency was engaged by The Michaels Companies, Inc., to insure the acquisition of 40 retail stores and an East Coast distribution facility from Nicole Crafts' retail outlet, A.C. Moore. Nicole Crafts announced at the end of November that it would be closing all of its A.C. Moore stores and that as many as 40 of them would be become Michaels.   As part of the transaction, Town Title navigated a highly complex workout deal involving...

Town Title Agency continues to expand its geographical footprint, most recently insuring the $47.9mm purchase and $61.8mm loan on a FedEx Freight property located in Louisville, Kentucky, with Hartford Fire Insurance Company providing the financing.   Town Title Agency strives to be the leading provider of title insurance and settlement services in all of the markets we serve. Through a client-focused service delivery model, we guarantee the highest level of customer satisfaction in every transaction. We are...

Earlier this month, Town Title Agency, in conjunction with First American Title Insurance Company, insured the $90mm refinance of a 31-property commercial portfolio spanning 14 states. Santander Bank provided the financing.   The property owner, Columbia Net Lease Venture LLC, is a private, open-ended real estate investment fund focused on providing investors with preferred returns through investments in geographically diverse, credit worthy net leased property.   Town Title Agency strives to be the leading provider of title insurance and...

Town Title Agency recently insured the closing of a $105.9mm construction loan and development deal on an industrial property located on Route 27 in Franklin, New Jersey. Comerica Bank provided the loan financing.   The property owner, CRP/CHI Veronica Avenue Owner, LLC, has plans to build a new, 926,400-square-foot warehouse on the lot.   Town Title Agency strives to be the leading provider of title insurance and settlement services in all of the markets we serve. Through a client-focused...

Town Title Agency is continuing to expand its presence within Texas, most recently insuring the $33.3mm construction loan for a FedEx freight development site in Laredo, with People's United Bank providing the funding. The property was originally purchased back in February as a joint venture between CPI Laredo Holdings and Scannell Properties in a transaction that was also insured by Town Title.   CPI Laredo Holdings, LLC, is a real estate investment fund focused on providing investors with favorable...

Town Title Agency recently insured a $24mm construction loan for The Estate, LLC, which will be used to fund a major renovation at Shadowbrook at Shrewsbury, a luxury catering venue located at 1 Obre Place in Shrewsbury, NJ. ConnectOne Bank provided the loan financing.   The Shadowbrook Estate is part of the family of venues that also includes The Venetian in Garfield, NJ, and Seasons in Washington Township, NJ — longtime friends and clients of Town Title.   Town...

Town Title Agency recently represented Crow Holdings Industrial in the $38.8mm all-cash acquisition of a commercial building located on Veronica Avenue in Franklin, New Jersey.   Crow Holdings Industrial (CHI) is the industrial development arm of Crow Holdings and is focused on the development of speculative and build-to-suit industrial projects nationwide. As a stable, well-capitalized and trusted partner, CHI draws on the Crow family’s industrial development legacy to build class A warehouse, distribution and manufacturing facilities.   Town Title Agency strives...