Igal Namdar Of Namdar Group Secures $220 Million Loan For 576 Unit Multifamily At 626 Newark Avenue

The property involved in this transaction is a multifamily asset located at 626 Newark Avenue in Jersey City, comprising 576 units. The total loan amount for this property is $220,000,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $220,000,000
• Lender: Adi Chugh - TYKO Capital
• Landlord: Igal Namdar - Namdar Group
• Brokers: Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet & Edward Leboyer - Walker & Dunlop

This deal highlights the collaboration of multiple brokers from Walker & Dunlop, showcasing their involvement in facilitating the transaction. The lender, TYKO Capital, is represented by Adi Chugh, indicating a strong financial backing for the property managed by Namdar Group, represented by Igal Namdar.