Regional Bank Provides $11,500,000 Refinance Loan For 100-Unit MultiFamily Complex In Dover NJ

The transaction involves a MultiFamily - Garden Style Apartment Complex located at 120 1st Street & 99 1st Street in Dover, NJ. The property comprises 100 units and has a gross square footage of 57,386. The deal comprises a loan amount of $11,500,000 under a refinance structure with terms set for 5 years interest only.

Summary of transaction details:

• Property Type: MultiFamily - Garden Style Apartment Complex
• Transaction Amount: $11,500,000
• Market: Dover, NJ
• Units: 100
• Gross Square Footage: 57,386
• Lender: Regional Bank
• Loan Type: Refinance
• Loan Terms: 5 Years Interest Only
• Landlord's Representative: Jacob Schmuckler & Meir Schlusselberg - Arrow Real Estate Advisors

Key individuals involved in the transaction include Jacob Schmuckler and Meir Schlusselberg, who represent the landlord through Arrow Real Estate Advisors. Their collaboration indicates a professional approach in navigating the refinancing of the property asset located in Dover, NJ.