Toresco Holdings Refinances Multifamily Property In Hoboken, NJ For $1.4M | 120 Jefferson Street | Brian Anderson | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

4,676 sqft

The property involved in this transaction is a multifamily asset located at 120 Jefferson Street in Hoboken, NJ. It has a total square footage of 4,676 and consists of 8 units. The landlord of this property is John Amorosa, who represents Toresco Holdings. The broker responsible for this deal is Brian Anderson, from Progress Capital.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $1,425,000
Loan Type: Refinance
Loan Terms: 5.58% rate and 2 years I/O

The loan amount for this transaction is $1,425,000. It is a refinancing loan with terms of 5.58% rate and 2 years of interest-only payments.

Players

All
2

Agents
1
Agencies
1

Brian Anderson

Managing Director

Progress Capital

Details

Deal Summary

FINANCED

IMAGE: Brian Anderson DATE: 01/30/2024 ADDRESS: 120 Jefferson Street MARKET: Hoboken, NJ ASSET TYPE: Multifamily ~ SF: 4,676 ~ UNITS: 8 LANDLORD: John Amorosa - Toresco Holdings BROKER: Brian Anderson - Progress Capital (@Progress.Capital) LOAN AMOUNT: $1,425,000 LOAN TYPE: Refinance LOAN TERMS: 5.58% Rate Fixed for 5-Years, 2-Years I/O

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Address120 Jefferson Street

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