Valley Bank Provides $11M Construction Loan For Stonegate Buildings In Passaic, NJ | 678e54ff b11e 4ff3 8c46 7af3d6146255 | Zev Feder, Satyam Patel | MultiFamily | Loan

Summary

Loan

NATIONAL

MultiFamily

50,000 sqft

Valley Bank has provided a construction loan of $11,000,000 for a multifamily property located in Passaic, NJ. The property spans approximately 50,000 square feet and is owned by Stonegate Buildings. The loan will support the construction of the property.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $11,000,000
Market: Passaic, NJ
Asset Size: 50,000 square feet
Lender: Valley Bank
Landlord: Stonegate Buildings
Brokers: Zev Feder & Satyam Patel - Meridian Capital Group
Loan Type: Construction

Zev Feder and Satyam Patel from Meridian Capital Group represented the parties involved in the transaction as brokers.

Players

All
3

Agents
2
Agencies
1

Meridian Capital Group

Details

Deal Summary

FINANCED

IMAGE: Zev Feder & Satyam Patel DATE: 09/02/2022 MARKET: Passaic, NJ ASSET TYPE: Multifamily ~ SF: 50,000 LENDER: Valley Bank LANDLORD: Stonegate Buildings BROKERS: Zev Feder & Satyam Patel - Meridian Capital Group LOAN AMOUNT: $11,000,000 LOAN TYPE: Construction

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Address678e54ff b11e 4ff3 8c46 7af3d6146255

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