FINANCED
Santander Bank Provides $51.5M Refinance Loan For Chalet Gardens Apartments In Pine Hill
320 W Branch Ave, Pine Hill, Nj 08021
MultiFamily
1 SF
1 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
MultiFamily
1 sqft
Chalet Gardens Apartments, located at 320 W Branch Ave in Pine Hill, was the subject of a recent loan transaction. The multifamily property consists of 484 units and is owned by Hillel Hertz of Goldcrest Properties. The deal was facilitated by brokers Jacob Schmuckler and Meir Schlusselberg from Meridian Capital Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $51,500,000
- Loan Type: Refinance
- Loan Terms: 3-Years Interest-only
The loan for Chalet Gardens Apartments was provided by Santander Bank. The terms of the loan include a 3-year interest-only period. This transaction represents an opportunity for the landlord, Hillel Hertz, to refinance the property and potentially take advantage of favorable market conditions.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Jacob Schmuckler & Meir Schlusselberg
DATE: 02/28/2023
ADDRESS: 320 W Branch Ave - Chalet Gardens Apartments
MARKET: Pine Hill
ASSET TYPE: Multifamily ~ UNITS: 484
LENDER: Santander Bank
LANDLORD: Hillel Hertz - Goldcrest Properties
BROKERS: Jacob Schmuckler & Meir Schlusselberg (@Meirschluss) - Meridian Capital Group (@Meridian.Capital.Group)
LOAN AMOUNT: $51,500,000
LOAN TYPE: Refinance
LOAN TERMS: 3-Years Interest-onlyView on map
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Address320 W Branch Ave, Pine Hill, Nj 08021
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