Connect One Bank Provides $6.2M Refinance Loan For Multifamily Property In Hoboken

The multifamily property located at 512 & 514 Observer Highway in Hoboken has undergone a refinancing transaction. The loan amount for this transaction was $6,200,000. Connect One Bank provided the financing for this deal, offering a fixed interest rate of 3.25% for 5 years. The loan has a 30-year amortization period, and it is non-recourse.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $6,200,000
• Address: 512 & 514 Observer Highway, Hoboken
• Lender: Connect One Bank
• Broker: Brad Domenico - @Progress.Capital

Brad Domenico from Progress Capital served as the broker in this transaction. With a track record of successfully guiding clients to the closing table, Brad has facilitated this refinancing deal for the multifamily property in Hoboken. For more information or to get in touch with Brad, you can contact him at 908-433-7467 or email him at [email protected].