Van Golemis Of Vango Development Secures $25 Million Construction Loan From Connect One Bank For Multifamily Property

The property involved in this transaction is a multifamily asset located at 263 Hackensack Street in East Rutherford, featuring a total of 86 units within a square footage of 159,206. The loan amount for the construction of this asset is $25,000,000, provided by Connect One Bank.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,000,000
• Units: 86
• Square Footage: 159,206
• Address: 263 Hackensack Street
• Market: East Rutherford
• Lender: Connect One Bank
• Landlord: Van Golemis - Vango Development
• Loan Type: Construction

Key individuals in this transaction include Van Golemis, who represents Vango Development as the landlord in this loan arrangement. The lender, Connect One Bank, is facilitating the construction financing for the project.