Anthony Serafino And Santino Montalbano Secure $47 Million Refinance Loan From Citizens Bank
2500 83rd Street
$47,000,000
$156/SF
Building Size
300,015 SF
Asset Type
Industrial
Closing
Jul 23, 2026
AI
The asset involved in this transaction is an industrial property located at 2500 83rd Street in North Bergen, featuring a total square footage of 300,015. The refinance loan secured for this property amounts to $47,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $47,000,000
- Lender: Citizens Bank
- Borrower: Anthony Serafino & Santino Montalbano - EXP Group
- Brokers: Adam Hakim, Michael Winter & James Murad - Ripco
- Loan Type: Refinance
This transaction involves key figures in the real estate and finance sectors. The brokers representing the deal are Adam Hakim, Michael Winter, and James Murad from Ripco, facilitating the refinancing for the borrowers, Anthony Serafino and Santino Montalbano of EXP Group.
Players
North Bergen Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93