FINANCED
FM Capital Arranges $6M Bridge Loan For Development Site In Newark, NJ
86-96 Norfolk Street
Development Site
16,000 SF
16,000 SF
Financed 161 days ago
Summary
Loan
NEW JERSEY
Development Site
16,000 sqft
The development site located at 86-96 Norfolk Street in Newark, NJ has recently secured a short-term bridge land loan. The loan, amounting to $6,000,000, is provided by JG Fund. The site spans across 16,000 square feet and is intended for the construction of a mixed-use building. The loan serves as interim financing while the plans for the building are being finalized.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,000,000
- Market: Newark, NJ
- Asset Type: Development Site
- Square Footage: 16,000
The deal was facilitated by Avi Eyal, David Wenger, and Joshua Pollack of FM Capital, representing both the borrower and the lender. They played a crucial role in securing the bridge land loan from JG Fund. For more information or to discuss any financing needs, interested parties can contact Avi Eyal at [email protected].
Players
Details
FINANCED
IMAGE: Avi Eyal, Joshua Pollack & David Wenger
DATE: 11/14/2023
ADDRESS: 86-96 Norfolk Street
MARKET: Newark, NJ
ASSET TYPE: Development Site ~ SF: 16,000
LENDER: JG FUND
LANDLORD: Domenick Tonacchio
BROKERS: Avi Eyal (@AviEyal), David Wenger & Joshua Pollack - FM Capital
LOAN AMOUNT: $6,000,000
LOAN TYPE: Bridge
NOTE FROM BROKER: Short-term bridge land loan while plans are being finalized for a mixed-use building. For more information and to discuss your next or any financing needs on . please contact Avi Eyal at [email protected]
View on map
Loading...
Address86-96 Norfolk Street
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want