West Of Hudson Properties Secures $17.68M Construction Loan For Mixed-Use Property In Plainfield, NJ

A mixed-use property located at 803 South Avenue in Plainfield, NJ has recently undergone a closed transaction. The property consists of 105 units, including 104 residential units and 1 commercial unit.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $17,680,000
• Address: 803 South Avenue, Plainfield, NJ
• Market: Plainfield, NJ
• Units: 105 (104 Residential Units & 1 Commercial Unit)

The loan for this transaction, totaling $17,680,000, was provided by Michael Hoffenberg from Trevian Capital. The construction loan was secured by the property's owners, Eyal Gagin and Abraham Gagin from West of Hudson Properties.

The brokers involved in this deal were Brad Domenico and Eddie Miro from Progress Capital, representing the parties in the transaction.