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170-174 Monticello Avenue
FINANCED

Spencer Savings Bank Provides $5.23M Construction Loan For Mixed-Use Property In Jersey City

170-174 Monticello Avenue

Mixed-use
21,179 SF
clock iconFinanced 224 days ago
Brian Anderson
Eddie Miro
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Summary

Loan
NEW JERSEY
Mixed-use
21,179 sqft

A mixed-use commercial property located at 170-174 Monticello Avenue in Jersey City, NJ, has recently secured a construction loan worth $5,230,000. The property spans 21,179 square feet and is owned by Zvi & Barry Septimus. The loan was provided by Spencer Savings Bank, and the transaction was facilitated by Brian Anderson and Eddie Miro of Progress Capital.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $5,230,000
  • Address: 170-174 Monticello Avenue, Jersey City, NJ
  • Market: Jersey City, NJ
  • Square Footage: 21,179
  • Lender: Spencer Savings Bank
  • Landlord: Zvi & Barry Septimus
  • Brokers: Brian Anderson & Eddie Miro - Progress Capital
  • Loan Type: Construction

Brian Anderson and Eddie Miro of Progress Capital played a crucial role as brokers in securing the construction loan for the mixed-use property at 170-174 Monticello Avenue. The loan provided by Spencer Savings Bank will facilitate the development or renovation of the property to meet the specific needs of the project.

Players

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    4

  • Agents

    2

  • Agencies

    1

  • Lenders

    1

Brian Anderson's profile picture
Brian Anderson
Progress Capital-image
Managing Director
Eddie Miro's profile picture
$62.2M Sold

Details

Deal Summary
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FINANCED
IMAGE: Brian Anderson DATE: 09/22/2023 ADDRESS: 170-174 Monticello Avenue MARKET: Jersey City, NJ ASSET TYPE: Mixed-use ~ SF: 21,179 LENDER: Spencer Savings Bank LANDLORD: Zvi & Barry Septimus BROKERS: Brian Anderson & Eddie Miro (@Eddie_miro) - Progress Capital (@Progress.Capita) LOAN AMOUNT: $5,230,000 LOAN TYPE: Construction

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Address170-174 Monticello Avenue

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