Honey Meerzon & Julian Dozortcev Obtain $14.66M Construction Loan For Condo In Red Bank

The asset involved in this transaction is a condo located at 78 Bridge Avenue in the Red Bank market. The loan amount secured for this property is $14,662,000, which is a construction loan structured with a 2-year term, featuring a full-term interest-only payment plan. This loan allows for releases as condo units are sold.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $14,662,000
• Loan Type: Construction
• Loan Terms: 2 year loan, full-term I/O
• Address: 78 Bridge Avenue
• Market: Red Bank
• Landlord: Honey Meerzon & Julian Dozortcev
• Landlord's Representative: Kathy Anderson & Caillin Boles - Cushman & Wakefield

The transaction features representations by Kathy Anderson and Caillin Boles, who are representing the landlords in this deal. Their involvement is pivotal in facilitating this construction loan arrangement for the condo property.