ConnectOne Bank Provides $18.4M Construction Loan For Multifamily Property In Orange, NJ

Located at 49 South Day Street in Orange, NJ, this multifamily property consists of 99 units and spans a total square footage of 69,975. The property was recently involved in a closed transaction, with a loan provided by ConnectOne Bank for a construction project. The loan amount for this project was $18,400,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $18,400,000
• Address: 49 South Day Street
• Market: Orange, NJ
• Square Footage: 69,975
• Units: 99

The landlord of this property is PEEK Properties, represented by Phil Evanski and Manny Klein. The brokers responsible for facilitating the transaction are Daniel Cohen and Tal Savariego from Meridian Capital Group.