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City of Vineland Awards $625,000 Loan Contract to Ionut C Malaescu (May 2025)

City of Vineland logoCity of Vineland
Disclosed value
$625,000.00
From resolution
Approved
May 13, 2025
Term
20 years

The 30-second brief

What it covers

The City of Vineland approved a loan of $625,000 to Ionut C. Malaescu for commercial real estate improvements, specifically for a truck terminal and repair facility. The loan has a term of 20 years, with interest-only payments for the first year at a rate of 6.25%. This project is expected to promote economic development and create jobs in the area.

Who holds it

Ionut C Malaescu holds this loan contract with City of Vineland.

What happens next

Term as filed: 20 years.

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Contract details

Contract type
Loan
Amount
$625,000.00
Document date
May 13, 2025
Term
20 years
Vendor
Ionut C Malaescu
Agency
City of Vineland
Source document
city-of-vineland-resolution-amending-loan-for-ionut-c-malaescu_19c.pdf (Resolution)

Ionut C Malaescu's other public contracts

City of Vineland, New JerseyVineland approves $625k loan for trucking facility. · May 13, 2025$625KCity of Vineland, New JerseyLoan approved for trucking facility improvements · Feb 11, 2025$400KAll Ionut C Malaescu contractsVendor profile

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Questions about this contract

Who was awarded the loan contract by City of Vineland?

Ionut C Malaescu was awarded this loan contract by City of Vineland, as recorded on May 13, 2025. The contract value is $625,000.00.

How much is the Ionut C Malaescu contract with City of Vineland worth?

The Ionut C Malaescu contract with City of Vineland is valued at $625,000.00, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a resolution record.

Where was this contract approved?

This contract appears in city-of-vineland-resolution-amending-loan-for-ionut-c-malaescu_19c.pdf (Resolution), dated May 13, 2025 from City of Vineland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Ionut C Malaescu hold?

Ionut C Malaescu may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Vineland currently buying?

Explore City of Vineland's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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