Northmarq Broker Robert Ranieri Arranges $11M Refinancing Loan For Little Ferry, NJ Multifamily Property

The multifamily property located at 269-297 Liberty Street & 258 Main Street in Little Ferry, NJ has been involved in a loan transaction. The property consists of 108 units and is situated in the market of Little Ferry, NJ.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,000,000
• Loan Type: Refinancing Loan
• Loan Terms: Five-year term with two years interest-only followed by a 30-year amortization schedule
• Broker: Robert Ranieri - Northmarq

Robert Ranieri from Northmarq represented the parties involved in the loan transaction. The loan amount for the refinancing was $11,000,000. The terms of the loan include a five-year term with two years of interest-only payments, followed by a 30-year amortization schedule.