Progress Capital Arranges $25M Refinance Loan For Multifamily Property In Gloucester City, NJ

The multifamily property located at 5 Meadow Lane in Gloucester City, NJ has recently undergone a refinancing transaction. The property consists of 143 units, making it a significant asset in the market. The loan for this transaction was provided by Investor Savings Bank, with a loan amount of $25,000,000. The terms of the loan include a 7-year fixed rate.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $25,000,000
• Address: 5 Meadow Lane, Gloucester City, NJ
• Market: Gloucester City, NJ
• Units: 143

The landlord of the property is Irv Cyzner, while the lender for the refinancing loan is Investor Savings Bank. The broker who facilitated the transaction is Kathy Anderson from Progress Capital.