Bandon Capital Advisors Secures $2.56 Million Refinance Loan For 14-Unit Multifamily Property In North Jersey

The property asset involved in the transaction is a multifamily building located at 325 Main Street, North Jersey. It comprises 14 units and has a total square footage of 22,000. The loan arranged for this property is aimed at refinancing the existing mortgage balance.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,560,000
• Loan Type: Refinance
• Loan Terms: 10 Years
• Lender: Bandon Capital Advisors, Inc.
• Broker: Kamron F. Aghevli - Bandon Capital Advisors

Kamron F. Aghevli, representing Bandon Capital Advisors, successfully facilitated the refinancing process despite challenges with the borrower's previous lender, who was unable to refinance the existing mortgage balance. This arrangement presented a competitive mortgage solution for the borrower.