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

35 Walnut Avenue clark

$49,500,000

$231/SF

Building Size

213,666 SF

Asset Type

MultiFamily

Closing

Nov 23, 2023

AI

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.

Players