IDB Bank Closes $31M Bridge Loan For The Art Of Newark Multifamily | 44 Irvine Turner Boulevard | IDB Bank | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $31,000,000
Units: 155
Address: 44 Irvine Turner Boulevard, Newark
Market: Newark
Lender: Avi Lieberman, Laura Greenfield & Ryan Shay - IDB Bank
Landlord: Yuval Shram - Tay Investments
Loan Type: Bridge Loan

Players

All
1

Lenders
1

IDB Bank

Details

Deal Summary

FINANCED

IMAGE: Avi Lieberman & Laura Greenfield, Ryan Shay & Yuval Shram DATE: 02/15/2024 ADDRESS: 44 Irvine Turner Boulevard MARKET: Newark ASSET TYPE: Multifamily ~ UNITS: 155 LENDER: Avi Lieberman, Laura Greenfield & Ryan Shay - IDB Bank LANDLORD: Yuval Shram - Tay Investments LOAN AMOUNT: $31,000,000 LOAN TYPE: Bridge Loan NOTE: IDB Bank closes a $31 million bridge loan for The Art of Newark, a 155-unit residential building in Newark, New Jersey, supporting its lease-up. The building offers luxury amenities and includes 20 affordable units under Newark's Inclusionary Zoning Ordinance, reflecting the city's commitment to revitalization.

View on map

Address44 Irvine Turner Boulevard

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.