FINANCED
Leverage Capital Provides $1.02M Bridge Loan For Multifamily Property In Jersey City
245 Duncan Avenue
MultiFamily
5,319 SF
5,319 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
MultiFamily
5,319 sqft
The multifamily property located at 245 Duncan Ave. in Jersey City, NJ was recently involved in a closed transaction. The property spans approximately 5,319 square feet and consists of 6 units. The transaction took place on April 21, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,023,500
- Address: 245 Duncan Ave.
- Market: Jersey City, NJ
- Square Footage: 5,319
- Unit Count: 6
The loan, amounting to $1,023,500, was secured from Leverage Capital by Eric Panecki and Veronique Hut. The loan type was a bridge loan, and the loan terms had a loan-to-cost (LTC) ratio of 85.79%. It's important to note that Mahir Allan is the landlord of the property.
Players
Details
FINANCED
IMAGE: Eric Panecki & Veronique Hut
DATE: 04/21/2022
ADDRESS: 245 Duncan Ave.
MARKET: Jersey City, NJ
ASSET TYPE: Multifamily ~ SF: 5,319 ~ UNIT: 6
LENDER: Leverage Capital (@Leverage_Capital_Ventures) - Eric Panecki (@EricPanecki) & Veronique Hut (@VHut_)
LANDLORD: Mahir Allan
LOAN AMOUNT: $1,023,500
LOAN TYPE: Bridge
LOAN TERMS: LTC 85.79%View on map
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Address245 Duncan Avenue
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