Kew Management Corp. Refinances Ridgewood Multifamily For $7.5M

125-161 South Maple Avenue, Ridgewood, NJ, USA

$7,500,000

Building Size

—

Asset Type

MultiFamily

Closing

Oct 19, 2021

AI

A $7,500,000 loan has been obtained for the refinance of a multifamily property located at 125-161 S. Maple Avenue in Ridgewood, NJ. The property consists of 54 units and is owned by Kew Management Corp.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $7,500,000
Loan Type: Refinance
Loan Term: 7+3 years Interest Only
Interest Rate: 2.72%

The loan was secured from a local bank lender. The deal was facilitated by brokers Allan Lieberman, Asher Haft, and Jacob Kaufman from Meridian Capital Group.

Players