Yisroel Berger Secures $60 Million Bridge Loan From BridgeInvest For Newark Multifamily Property

The property asset involved in this transaction is a multifamily building located at 440 Elizabeth Avenue in Newark, NJ. The asset encompasses a total square footage of 198,000 and consists of 216 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $60,000,000
• Loan Amount: $60,000,000
• Loan Type: Bridge
• Lender: BridgeInvest
• Landlord: Yisroel Berger
• Broker: Akiva Drew - Drew Capital

The key individuals involved in the transaction include Yisroel Berger, who is the landlord of the property, and Akiva Drew, the broker representing the deal through Drew Capital. The financing for this multifamily asset has been provided by BridgeInvest, indicating a partnership that supports the ownership and management of the property.