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Tamer M Tamer Secures $1.8M Refinance Loan On Mixed-use Property In Elizabeth

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FINANCED
$1,800,000

New Jersey

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Mixed-use6,224 SF
Financed 02/27/2026
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Property Image
FINANCED

Tamer M Tamer Secures $1.8M Refinance Loan On Mixed-use Property In Elizabeth

89-93 Elmora Avenue

See Similar Deals
Mixed-use6,224 SF
Financed 02/27/2026
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Summary

NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$289
Total Square Footage:6,224 SF
Transaction Type:Loan

The property involved in this transaction is a mixed-use asset located at 89-93 Elmora Avenue in Elizabeth. The asset comprises 8 units and spans 6,224 square feet. The loan amount for the refinancing is $1,800,000, with loan terms structured as 5+5.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,800,000
  • Lender: Donald Jacquin - Kearny Bank
  • Landlord: Tamer M Tamer
  • Landlord's Attorney: Naftaly Weisz - Weisz & Associates PLLC
  • Mortgage Broker: David Glauber - Sterling Capital Solutions Inc
  • Loan Type: Refinance
  • Loan Terms: 5+5

Key individuals involved in this transaction include the lender Donald Jacquin representing Kearny Bank and mortgage broker David Glauber who represents Sterling Capital Solutions Inc. The legal aspect is overseen by Naftaly Weisz from Weisz & Associates PLLC, representing the landlord, Tamer M Tamer, in this refinancing deal.

Players

3 deals$77.9M volume(347) 308-4303
BROKER

Kearny Bank
LENDER

DJ
1 deal$1.8M volume
ORIGINATOR

Details

FINANCED
IMAGE: David Glauber DATE: 02/27/2026 ADDRESS: 89-93 Elmora Avenue MARKET: Elizabeth ASSET TYPE: Mixed-use ~ UNITS: 8 ~ SF: 6,224 LENDER: Donald Jacquin - Kearny Bank (@Kearny_Bank) LANDLORD: Tamer M Tamer LANDLORD'S ATTORNEY: Naftaly Weisz - Weisz & Associates PLLC MORTGAGE BROKER: David Glauber - Sterling Capital Solutions Inc LOAN AMOUNT: $1,800,000 LOAN TYPE: Refinance LOAN TERMS: 5+5

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,800,000.00

Monthly NOI$12,000.00
Monthly Debt Service$11,377.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00