Vitali Feldman Of Rock Solid Builders Secures $29.5 Million Construction Loan From Kearny Bank For 85 Unit Multifamily At 116 Harrison Street

The property asset involved in this transaction is a multifamily building located at 116 Harrison Street in Nutley, comprising 85 units. The transaction involved a construction loan of $29,500,000, with a loan term of 2.5 years, facilitating the development and enhancement of the property.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $29,500,000
• Loan Type: Construction
• Loan Terms: 2.5 years
• Lender: Kearny Bank
• Landlord: Vitali Feldman - Rock Solid Builders
• Address: 116 Harrison Street
• Market: Nutley
• Units: 85
• Brokers: Thomas E. Didio, Jr, Gerard Quinn & Michael Mataras - JLL

The key individuals involved in this transaction include landlord Vitali Feldman, representing Rock Solid Builders, and brokers Thomas E. Didio, Jr, Gerard Quinn, and Michael Mataras from JLL, who facilitated the loan arrangement with Kearny Bank.