Sharestates, Inc Provides $12.7M Loan For 37 Property Portfolio In Newark, NJ

A 37 property portfolio loan for 1-4 family properties in Newark, NJ has been closed. The loan amount provided by sharestates''>Sharestates, Inc is $12,744,000 with a term of 30 years and a 5-year interest-only fixed rate. The properties included in the loan are located at the following addresses: 121 Leslie St., 15-17 Birks St., 489-491 Irvine Turner Blvd., 265-267 Clinton Ave., 269 Clinton Ave., 92 Osborne Terr., 237 Fabyan Pl., 197 N. 11th St., 278-280 Oraton St., 512 S. 14Th St., and 533 S. 10Th St.

Summary of transaction details:

• Property Type: 1-4 family properties
• Transaction Amount: $12,744,000
• Market: Newark, NJ
• Lender: Sharestates, Inc
• Broker: Ben Schwartz - Eastern Union

Ben Schwartz from Eastern Union represented the parties involved in this transaction. For more information on rates, Michael from Sharestates can be contacted at [email protected] or Ben Schwartz from Eastern Union at [email protected].