Cornerstone Capital Financing Provides $7.65M Construction Loan For Bayonne Development Site

A construction loan has been secured for a development site located at 17 Avenue E in Bayonne. The site spans 37,922 square feet and is designated for a multifamily project. Cornerstone Capital Financing, represented by Russell Nova, Alexander Nemirovskiy, and Igor Zakh, provided the financing for this two-phase development.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $7,650,000
• Loan Type: Construction Loan
• Loan Terms: Two Year Fixed / Prime Based Loan
• Market: Bayonne
• Lender's Representative: Russell Nova, Alexander Nemirovskiy & Igor Zakh - Cornerstone Capital Financing

Cornerstone Capital Financing secured financing for this multifamily project in Bayonne, New Jersey. The loan, amounting to $7,650,000, is a construction loan with a two-year fixed term and a prime-based interest rate. Russel Nova, Alexander Nemirovskiy, and Igor Zakh, representing Cornerstone Capital Financing, presented the most conducive terms with the certainty of execution to their clients. For inquiries, contact Russell Nova at [email protected] or 917-559-1820, Igor Zakh at [email protected] or 917-567-1646, or Alexander Nemirovsky at [email protected] or 347-751-5232.