Private Lender Law will relocate its headquarters in December, following its purchase of a 20,000-square-foot office building in Marlboro.
Founder Jonathan Hornik announced the plans to move from Freehold to the new space located at 475 Route 520 on Oct. 11. Financial terms of the deal were not disclosed.
The firm will occupy 10,000 square feet at the two-story building, which previously housed the Marlboro Medical Annex. Built in 1988, SFC Enterprises purchased the property in 2019 and renovated the space before selling an interest to Private Lender Law, according to the firm. The remaining space at the property has been leased.
Private Lender Law is a practice group of LaRocca Hornik Rosen & Greenberg. Hornik, chair of that group and a partner with the firm, said the purchase and relocation will help to position the firm as the “most trusted name in its sector.”
“This is the next step to providing exceptional services to our clients,” said Hornik, who is also serving his fourth term as mayor of Marlboro. “Our new headquarters will allow us to continue to manage our growth as the marquee firm in the private lending industry.”
Private Lender Law serves real estate finance clients nationwide, currently representing more than 100 lenders and aggregators. It offers an array of specialized services including 24-hour closing; topical legal research and analysis; review and management of master loan purchase agreements; nationwide title review; and private placements, co-lender and participation agreements. The firm says it is also experienced with new product development, preparation of market loan documents, licensing and regulatory review, deal structuring, and foreclosure and workout advice on non-performing loans, which it handles in all 50 states.
The new office is located at the intersection of Routes 79 and 520; the Garden State Parkway and Routes 18 and 9, which connect to Interstate 95, are all within 15 minutes.