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The Office of Real Estate Finance reports to the Office of the Vice President and Senior Adviser to the President and provides administrative and staff support to this office for areas related to their responsibilities for the management and development of commercial real estate properties; for the acquisition and disposition of real estate in the local area; for the management and disposition of gifts of real estate to the University; monitors real estate property taxes (payments, assessments, reevaluations, farm land assessments, tax exemptions, data storage, etc.); administration of the University’s mortgage loan plan; administration of the University’s Gray Farm and Broadmead housing purchase plans; provides project management support for properties within all of these areas (commercial properties, Gray Farm, Broadmead, new property acquisitions); and maintains all real property records and serves as the informational resource for inquiries regarding real estate.

Mortgage Loan Program
The Standard Mortgage Loan Program was established by the University to assist employees who are eligible to participate in the Plan to purchase a home in the Princeton area. The Program only provides first mortgage loans for the purpose of the purchase of single family homes to be used as the principal residence of the eligible employee. It does not provide for the issuance of mortgage loans on properties owned by eligible employees prior to their employment by Princeton University or prior to their becoming eligible to participate in the Program. Click Above or Standard Mortgage Loan Program on the Directory for more specific details.

Mortgage Interest Rate
The interest rate for the mortgage program is set on the first business day of each month and is applicable for the entire month. For details on the interest rate on a loan and/or the current month’s interest rate for the Program, click Mortgage Interest Rate on the Directory.

Mortgage Loan Balance and/or Loan Payoff Information
Click Above or Mortgage Loan Balance or Loan Payoff Information on the Directory.

Mortgage Program Homeowner’s Insurance Requirement
The University requires homeowner’s insurance on all properties financed by a University mortgage loan. Click Mortgage Homeowner’s Insurance Requirement for information regarding how the policy should be written.

Gray Farm Housing Purchase Plan

Broadmead Housing Purchase Plan

Commercial Properties
The University owns a number of commercial properties in Princeton. They include a mix of small apartments, commercial office space and a few retail spaces. An outside commercial property management agent manages the majority of the commercial properties on a daily basis and reports directly to the Office of Real Estate Finance in all matters relating to the properties.

Click Commercial Properties Above or on Directory for Managing Agent’s name, address and telephone number.

Real Estate Taxes
Matters regarding real estate taxes on University property are overseen by the Office of Real Estate Finance and any inquires should be directed to the department.

Gifts of Real Estate
Matters regarding gifts of real estate to the University are overseen by the Committee for the Gifts of Real Estate. Five departments are represented on the Committee (Real Estate, Engineering, Development, Legal, Treasurer) and are charged with different aspects of the procedures regarding the solicitation of gifts, acceptance of gifts, management of gifts, disposition of gifts, and financial accounting for gifts. An outside real estate consultant also sits on the Committee. Inquiries regarding any aspect of gifts of real estate may be directed to the Office of Real Estate Finance.

General Real Estate Inquiries
Inquiries regarding the acquisition, management, development and/or disposition of real estate may be directed to the Office of Real Estate Finance.

Office Location: 22 Chambers Street Suite 200A