Northwind Group Provides $35M Construction Loan For MultiFamily Property In Newark

The multi-family property located at 440 Elizabeth Avenue in Newark has recently undergone a significant transaction. The property, spanning across an undisclosed square footage, was involved in a construction loan deal valued at $35,000,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $35,000,000
• Address: 440 Elizabeth Avenue, Newark

The loan was provided by the Northwind Group, with Gabriel Hamani, Michael Ainbinder, Seth Mahl, and Parker Thelander representing the lender. Facilitating the transaction on the borrower's side were brokers Akiva Drew and Aaron Birnbaum from Meridian Capital Group.

This transaction serves as a testament to the robust real estate market in Newark, highlighting the involvement of key individuals and companies, such as the Northwind Group and Meridian Capital Group. The loan provided by the Northwind Group will contribute to the development of the multi-family property at 440 Elizabeth Avenue.