Gabby Cali Of Cali Capital Closes $682,500 Refinance Loan For Multifamily Asset In Summit

The property asset involved in this transaction is a multifamily building located at 57 Morris Avenue in the Summit market. The total square footage of the asset is 2,152. The transaction details include a loan amount of $682,500 for the purpose of refinancing.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $682,500
• Loan Type: Refinance
• Broker Representative: Gabby Cali - Cali Capital
• Loan Terms: Secured aggressive rate and terms on a 5/1 ARM via a DSCR loan product
• Loan Closing Timeline: Closed in less than 30 days from signing the Term Sheet

Gabby Cali from Cali Capital represented the loan in this transaction, facilitating the refinancing process efficiently within a short timeline. The aggressive terms of the loan highlight the effective negotiation and expertise of the broker.