Meridian Capital Group Secures $8.8M Purchase Loan For Multifamily Property In East Orange, NJ

The multifamily property located at Summit Street & N Arlington Ave in East Orange, NJ has recently undergone a closed transaction. The property consists of 94 units and was sold for a loan amount of $8,833,000. The loan type for this transaction was a purchase loan. The deal was facilitated by brokers Morris Diamant and Joseph Akerman from Meridian Capital Group.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,833,000
• Address: Summit Street & N Arlington Ave, East Orange, NJ
• Market: East Orange, NJ
• Units: 94

This deal was made possible through the efforts of Morris Diamant and Joseph Akerman, who represented the buyer and/or seller in this transaction. The Meridian Capital Group played a crucial role in facilitating this closing.