Development site located at 36 Morris Avenue in Long Branch was the subject of a recent transaction involving a $11,000,000 bridge loan. The loan was provided by Unity Capital, with Evan Bell representing the lender, to Kushner Companies, with Laurent Morali acting as the landlord. The property, set for a 107-key hotel in Pier Village, boasts oceanfront land in Long Branch, NJ, offering Atlantic Ocean-view rooms, pools, beach access, and spa facilities, along with a vibrant selection of restaurants, shops, and hotels.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,000,000
• Address: 36 Morris Avenue
• Market: Long Branch
• Lender: Unity Capital - Evan Bell
• Landlord: Laurent Morali - Kushner Companies
• Loan Type: Bridge Loan

Evan Bell from Unity Capital, LLC, facilitated the $11 million bridge loan for Kushner Companies for the oceanfront land refinancing in Long Branch, NJ. Laurent Morali represented the Kushner Companies in this transaction, which is intended for the development of a 107-key hotel in Pier Village. The hotel will offer guests stunning views of the Atlantic Ocean, access to pools, beaches, and spa facilities, as well as a bustling collection of restaurants, shops, and hotels.