Concordia Properties Obtains $97.5M Bridge Loan For Multifamily Portfolio In DE, NJ, And PA | 3400 Miller Road, 309 West Brooke Avenue, #A2, 95 Heights Lane, 400 East Street Road & 387 Plaza Boulevard | Steven Vegh | MultiFamily | Loan

Summary

Loan

DELAWARE

MultiFamily

630,000 sqft

The multifamily property located at 3400 Miller Road, 309 West Brooke Avenue, 95 Heights Lane, 400 East Street Road, and 387 Plaza Boulevard has been involved in a closed transaction. The property encompasses a total of 630,000 square feet and consists of 636 units. It is situated in the markets of Wilmington, DE, Magnolia, NJ, Feasterville, and Morrisville, PA.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $97,450,000
Loan Type: Bridge Loan

The transaction was facilitated by Concordia Properties as the landlord. The broker representing the deal was Steven Vegh from Westwood Realty Associates.

Players

All
1

Agents
1

Steven Vegh

Founder

$1.1B Sold

Details

Deal Summary

FINANCED

IMAGE: Steven Vegh DATE: 02/17/2022 ADDRESS: 3400 Miller Road, 309 West Brooke Avenue, , 95 Heights Lane, 400 East Street Road & 387 Plaza Boulevard MARKET: Wilmington, DE, Magnolia, NJ, Feasterville, Morrisville, PA ASSET TYPE: Multifamily ~ SF: 630,000 ~ UNITS: 636 LANDLORD: Concordia Properties BROKER: Steven Vegh (@StevenVegh) - Westwood Realty Associates LOAN AMOUNT: $97,450,000 LOAN TYPE: Bridge Loan

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Address3400 Miller Road, 309 West Brooke Avenue, #A2, 95 Heights Lane, 400 East Street Road & 387 Plaza Boulevard

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