GPS Capital Closes $2M Bridge Loan For Development Site At 655 Pennsylvania Avenue In Elizabeth, NJ

A development site located at 655 Pennsylvania Avenue in Elizabeth, NJ has been involved in a recent loan transaction. The site spans approximately 38,000 square feet and is owned by Benny Katz. The lender, GPS Capital, provided a bridge loan amounting to $2,000,000. The loan was closed in just 2 days, showcasing the efficiency of the transaction.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,000,000
• Address: 655 Pennsylvania Avenue, Elizabeth, NJ
• Market: Elizabeth, NJ
• Owner: Benny Katz
• Lender: GPS Capital - Steven Goldschmied

This swift loan transaction demonstrates the effectiveness of GPS Capital as a lender. Steven Goldschmied, representing GPS Capital, facilitated the deal and can be contacted via email at [email protected] for further inquiries.