Arbor Commercial Mortgage Provides $30.2M Loan For Multifamily Property In New Providence, NJ

35 & 36 Ethan Drive, located in New Providence, NJ, has been involved in a recent closed transaction. This property is a multifamily asset, which attracted the attention of various parties interested in the real estate market. The deal was brokered by Brad Domenico from Progress.Capital, representing the interested parties. Arbor Commercial Mortgage served as the lender, offering financial support for this transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $30,200,000
• Loan terms: 2.58% Fixed for 10 Years/4 Years I/O

Brad Domenico, from Progress.Capital, played a pivotal role as the broker in this transaction, ensuring a successful deal for the parties involved. It is worth mentioning that Brad Domenico's expertise and negotiation skills greatly contributed to the smooth process of this closed transaction. With Arbor Commercial Mortgage as the lender, this multifamily property deal has proven to be a remarkable achievement in the New Providence market.