FINANCED
Progress Capital Arranges $9.66M Acquisition Loan For Multifamily Property In Orange, NJ
434-436 Lincoln Avenue
MultiFamily
123,300 SF
123,300 SF
Financed 117 days ago
Summary
Loan
NEW JERSEY
MultiFamily
123,300 sqft
The multifamily property located at 434-436 Lincoln Avenue in Orange, NJ was recently involved in a loan transaction. The property spans approximately 61,650 square feet and consists of 80 units. The landlord of the property is Jon Flax.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,660,000
- Loan Type: Acquisition
- Loan Terms: 5.52% rate fixed for 5 years, 70% Loan-to-Value ratio
The loan amount for the transaction was $9,660,000. It was an acquisition loan with a fixed interest rate of 5.52% for a period of 5 years. The loan-to-value ratio was 70%. The broker involved in this deal was Brian Anderson from Progress Capital.
Players
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2
Agents
1
Agencies
1
Details
FINANCED
IMAGE: Brian Anderson
DATE: 01/04/2024
ADDRESS: 434-436 Lincoln Avenue
MARKET: Orange, NJ
ASSET TYPE: Multifamily ~ SF: 61,650 ~ UNITS: 80
LANDLORD: Jon Flax
BROKER: Brian Anderson - Progress Capital (@Progress.Capital)
LOAN AMOUNT: $9,660,000
LOAN TYPE: Acquisition
LOAN TERMS: 5.52% rate fixed for 5-yrs, 70% LTVView on map
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Address434-436 Lincoln Avenue
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