THG Properties Acquires Multifamily Property In Dover, NJ For $13.06M

The property involved in this transaction is a multifamily asset located at 369 Washington Avenue, Dover, NJ. The asset spans a total of 128,844 square feet and consists of 124 units. The loan amount for this acquisition is $13,060,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,060,000
• Asset Address: 369 Washington Avenue
• Market: Dover, NJ
• Square Footage: 128,844
• Units: 124
• Lender: Arbor Realty Trust
• Lender's Representative: Eric Regenbogen
• Landlord: THG Properties
• Broker: Brad Domenico
• Broker's Agency: Progress Capital

The key individuals involved in this deal include the landlord, THG Properties, and the broker, Brad Domenico from Progress Capital, who facilitated the transaction. Eric Regenbogen represented Arbor Realty Trust in the lending process.