Sal Garcia & Salvador F. Leccese Secure $99.43M Loan For Multifamily Asset In Elizabeth

The asset involved in the transaction is a multifamily property located at 100 Union Street in Elizabeth. The property was financed through a loan amounting to $99,435,000, with the loan categorized as a recapitalization.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $99,435,000
• Lender: Arbor Realty Trust
• Landlord: Sal Garcia & Salvador F. Leccese
• Broker: Harrison Drucker - Arbor Realty Trust
• Title: Ike Marvet - World Wide Land Transfer

The key individuals involved in this transaction include the landlords, Sal Garcia and Salvador F. Leccese, who are responsible for the multifamily asset. The broker representing the deal is Harrison Drucker from Arbor Realty Trust, while Ike Marvet from World Wide Land Transfer is tasked with handling the title for the property involved in this transaction.