Signature Bank Provides $23M Acquisition Loan For Legacy Lofts In Bayonne | 676-684 Avenue East - Legacy Lofts | Signature Bank | Jacob Schmuckler, Meir Schlusselberg | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

133,350 sqft

The Legacy Lofts, located at 676-684 Avenue E in Bayonne, is a multifamily property with 71 units and a total square footage of 133,350. The property was acquired through a loan transaction.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $23,000,000
Loan Type: Acquisition
Loan Term: 3.875% with multiple years IO
Lender: Signature Bank
Brokers: Jacob Schmuckler & Meir Schlusselberg - Meridian Capital Group

The loan of $23,000,000 for the acquisition of Legacy Lofts was provided by Signature Bank. Representing the deal were Jacob Schmuckler and Meir Schlusselberg from Meridian Capital Group.

Players

All
4

Agents
2
Agencies
1
Lenders
1

$71.3M Sold

$61.8M Sold

Meridian Capital Group

Signature Bank

Details

Deal Summary

FINANCED

IMAGE: Jacob Schmuckler & Meir Schlusselberg DATE: 07/01/2022 ADDRESS: 676-684 Avenue E - Legacy Lofts MARKET: Bayonne ASSET TYPE: Multifamily ~ UNITS: 71 ~ SF: 133,350 LENDER: Signature Bank BROKERS: Jacob Schmuckler & Meir Schlusselberg (@MeirSchluss) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $23,000,000 LOAN TYPE: Acquisition LOAN TERM: 3.875% with multiple years IO

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Address676-684 Avenue East - Legacy Lofts

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