Progress Capital Arranges $9.55M Construction Loan For Multifamily Property In Bayonne, NJ

The multifamily property located at 175 West 7th Street in Bayonne, NJ has recently been involved in a loan transaction. The property spans 21,344 square feet and consists of 56 units. The loan was secured for the purpose of construction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,550,000
• Address: 175 West 7th Street
• Market: Bayonne, NJ
• Total Square Feet: 21,344
• Number of Units: 56

The loan for this property was provided by Trevian Capital. The landlords of the property are Abraham Gagin and Eyal Gagin. The brokers involved in the deal were Brad Domenico and Frank Stanislaski from Progress Capital.