Nationwide Provides $49.5M Construction Loan For Multifamily Property In Clark

The multifamily property located at 35 Walnut Avenue in Clark has been involved in a recent transaction. The property consists of 177 units with a total square footage of 213,666. The transaction took place on 11/23/2023.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $49,500,000.00
• Lender: Nationwide
• Landlord: Garden Communities
• Brokers: Evan Pariser & Matthew Pizzolato - JLL
• Loan Type: Construction

Evan Pariser and Matthew Pizzolato from JLL represented the parties involved in the deal. Garden Communities acted as the landlord, while Nationwide provided the loan amount of $49,500,000.00 for the construction of the property.