George Sanguliano Secures $11.59M Refinance From HUD For 42-Unit Multifamily At 1025 Raritan Road

The property asset involved in this transaction is a multifamily building located at 1025 Raritan Road in Clark, featuring 42 units. The loan amount secured for refinancing is $11,589,300, and the terms include a 35-year period. The financing was facilitated through the Housing & Urban Development (HUD) program.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,589,300
• Loan Type: Refinance
• Loan Terms: 35 Year Term
• Address: 1025 Raritan Road
• Market: Clark
• Landlord: George Sanguliano
• Landlord's Rep: Josh Lipsey, Nat Gambuzza, Trevor Fiebel, Joseph DeGiorgi, Nick Balancia & Charles Rigoglioso - Berkadia

This transaction highlights the involvement of key industry professionals who managed the refinancing process, including Josh Lipsey, Nat Gambuzza, Trevor Fiebel, Joseph DeGiorgi, Nick Balancia, and Charles Rigoglioso, all representing the landlord, George Sanguliano, through Berkadia.