Regional Bank Provides $2,188,000 Acquisition Loan For Multifamily Buildings In Union City And West New York

The transaction involves four multifamily buildings containing a total of 27 apartments located at 333 47th Street, 214 44th Street, 529 27th Street, and 325 53rd Street in the Union City & West New York, NJ market. The loan amount associated with this acquisition is $2,188,000. The asset is characterized by its multifamily nature and its strategic location within the specified market area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,188,000
• Lender: Regional Bank
• Landlord's Representative: Jacob Schmuckler, Meir Schlusselberg & Abie Horowitz - Arrow Real Estate Advisors

The deal features significant involvement from Arrow Real Estate Advisors, represented by Jacob Schmuckler, Meir Schlusselberg, and Abie Horowitz, who act on behalf of the landlord in this transaction. Their expertise in the real estate market facilitates the execution of this acquisition deal.