Steve Haddad Secures $5M Construction Loan For Jersey City Development Site

The development site located at 3516 John F Kennedy Boulevard in Jersey City spans 5,700 square feet and is valued at BSFL 20,000. The loan for this property was provided by Manasquan Bank to the landlord, Steve Haddad, for a total amount of $5,000,000. The loan type is construction, indicating that it was likely used to fund the development of the site.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,000,000
• Address: 3516 John F Kennedy Boulevard
• Market: Jersey City
• Asset Size: 5,700 SF
• Asset Value: BSFL 20,000
• Lender: Manasquan Bank
• Landlord: Steve Haddad

Steve Haddad, the landlord, secured a $5,000,000 construction loan for the development site on John F Kennedy Boulevard in Jersey City. The lender, Manasquan Bank, played a key role in facilitating this transaction, showcasing their commitment to supporting real estate development in the area.