Yisroel Berger Secures $60 Million Bridge Loan From BridgeInvest For 216 Unit Multifamily In Newark

The asset involved in this transaction is a multifamily property located at 440 Elizabeth Avenue in Newark. This property encompasses 198,000 square feet with a total of 216 residential units. The loan amount secured for this transaction is $60,000,000, categorized as a bridge loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $60,000,000
• Square Footage: 198,000
• Units: 216
• Address: 440 Elizabeth Avenue
• Market: Newark
• Lender: BridgeInvest
• Landlord: Yisroel Berger
• Broker: Akiva Drew - Drew Capital

This transaction includes key individuals such as Yisroel Berger who is identified as the landlord, while Akiva Drew from Drew Capital serves as the broker in this deal. The financing was facilitated by BridgeInvest, which is the lending institution involved in this transaction.