Adam Luray & Barclay Lynch Provide $32M Bridge Loan For 4901 Bergenline Avenue

The multifamily property located at 4901 Bergenline Avenue in West New York, NJ, spans 103,357 square feet and comprises 97 units. The property secured a $32,000,000 Bridge-Off-Construction loan, featuring 2-year loan terms with interest-only payments and non-recourse financing. The lenders involved in the transaction were Adam Luray and Barclay Lynch, with the landlord being AIRN Management. Mark Elletson served as the broker for this deal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $32,000,000
• Market: West New York, NJ
• Units: 97

The key individuals and entities in this transaction included Adam Luray, Barclay Lynch, and AIRN Management. Mark Elletson, representing the landlord, played a crucial role in facilitating the deal. The lenders, Adam Luray and Barclay Lynch, provided the financing for the 2-year, interest-only, non-recourse Bridge-Off-Construction loan for this multifamily property in West New York.