IFANY & STREKE Refinances 56-Unit Multifamily In Jersey City For $25M With BMO Bank

A $25,000,000 loan has been secured for the refinancing of a multifamily property located at 309-311 Pine Street in Jersey City, NJ. The property consists of 56 units and is owned by IFANY & STREKE, represented by Shimon Jacobowitz, Mark Rigerman, and Paul Jensen. The loan was provided by BMO Bank.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $25,000,000
• Units: 56
• Lender: BMO Bank
• Landlord: IFANY & STREKE - Shimon Jacobowitz, Mark Rigerman & Paul Jensen
• Loan Type: Refinance

The key individuals involved in this transaction are Shimon Jacobowitz, Mark Rigerman, and Paul Jensen. They represent IFANY & STREKE, the landlord of the property. BMO Bank, the lender, provided the $25,000,000 loan for the refinancing.