Spencer Savings Bank Provides $14M Loan For South Orange Multifamily Property

Located in South Orange, the property at 10 N. Ridgewood Road is a multifamily asset consisting of 66 units. The transaction involved a loan amount of $14,000,000 provided by Spencer Savings Bank, with Dana Berlin representing the lender. The property is owned by 10 North Ridgewood Road LLC. The sale of the property was facilitated by brokers Donna Falzarano and James Gunning from CBRE.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,000,000
• Address: 10 N. Ridgewood Road
• Market: South Orange
• Lender: Spencer Savings Bank – Dana Berlin
• Landlord: 10 North Ridgewood Road LLC
• Brokers: Donna Falzarano & James Gunning – CBRE

The key individuals and companies involved in the deal include Dana Berlin representing Spencer Savings Bank as the lender, and Donna Falzarano and James Gunning from CBRE as the brokers. They played crucial roles in facilitating the transaction, ensuring a successful outcome for all parties involved.