ConnectOne Bank Provides $17M Loan For Multifamily Property In Weehawken. Sandy Tuli Is The Landlord

A multifamily property located at 700 JFK Blvd in Weehawken has recently undergone a loan transaction. The loan amount for this deal was $17,000,000, provided by ConnectOne Bank. The loan terms included a 7-year fixed rate with 2 years of interest-only payments. This property consists of 100 units and is owned by Sandy Tuli.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $17,000,000
• Loan Terms: 7 Year Fixed Rate, 2 Years I/O
• Units: 100
• Lender: ConnectOne Bank
• Landlord: Sandy Tuli

The mortgage broker for this transaction was Brad Domenico from Progress Capital. On the sales side, Niko Nicolaou and Ken Uranowitz from Gebroe-Hammer Associates represented the seller.