Cronheim Mortgage Secures $7.75M Loan For Jersey City Development Site
506 Central Avenue
Development Site
33,000 SF
33,000 SF
Financed 1 year ago
Summary
A development site located at 506 Central Ave in Jersey City has recently closed a transaction. The property, which spans an unspecified square footage, was involved in a deal facilitated by Janet Proscia & David Turley of Cronheim Mortgage. The transaction took place on 02/17/2021, with a loan amount of $7,750,000 for a 10-year fixed rate. The property is reported to consist of 25 units.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $7,750,000
- Address: 506 Central Ave
- Market: Jersey City
Janet Proscia & David Turley, representing Cronheim Mortgage, played a significant role in the deal, serving as brokers for the transaction.
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506 Central Avenue
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