C.H. Kauffman & Associates Secures $14.5M Construction/Permanent Loan For Long Branch Multifamily | bath ave | MultiFamily | Loan

Summary

Loan

KENTUCKY

MultiFamily

84,500 sqft

A construction/permanent loan was recently arranged by C.H. Kauffman & Associates for a 53-unit multifamily project in Long Branch, NJ. The property, located at 281 Bath Ave, spans approximately 84,500 square feet. The loan amount for this transaction was $14,500,000.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $14,500,000
Units: 53
Square Footage: 84,500
Address: 281 Bath Ave, Long Branch, NJ

This closing represents the fourth transaction in the Long Branch market for C.H. Kauffman & Associates in the past several months. Shawn Harriman from C.H. Kauffman & Associates represented the client in this deal. The firm specializes in arranging construction/permanent funding, as well as providing preferred equity and joint venture opportunities. They expressed excitement about the future development of this multifamily project.

Details

Deal Summary

FINANCED

IMAGE: Shawn Harriman DATE: 11/22/2022 ADDRESS: 281 Bath Ave MARKET: Long Branch, NJ ASSET TYPE: Multifamily ~ UNITS: 53 ~ SF: 84,500 BROKER: Shawn Harriman (@ShawnHarriman_) - C.H. Kauffman & Associates, Inc. LOAN AMOUNT: $$14,500,000 LOAN TYPE: Construction/Permanent Loan NOTE FROM BROKER: One of our recent closings in Long Branch. We arranged construction/permanent funding for a good client of our firm for a 53-unit multi-family project. This was our 4th recent closing in the Long Branch market over the last several months. Looking forward to watching this project develop. If you have a need for construction, permanent, preferred equity, or a Joint Venture please reach out to C.H. Kauffman & Associates.

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