FINANCED
Echevarria Properties Refinances Guttenberg Multifamily Property With $4.8M Loan From PGIM
6800 Polk Street
MultiFamily
Financed 39 days ago
Summary
Loan
NEW JERSEY
MultiFamily
The multifamily property located at 6800 Polk Street in Guttenberg, NJ, consists of 16 units. The property was refinanced for a total loan amount of $4,816,000 provided by PGIM. Echevarria Properties acted as the landlord in this transaction. Black Bear Capital Partners, represented by Emil DePasquale, facilitated the deal as the broker.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,816,000
- Loan Type: Refinance
- Loan Terms: 10-year fixed rate loan with interest-only payments
Emil DePasquale of Black Bear Capital Partners played a key role as the broker in the refinancing deal, working with PGIM to secure the 10-year fixed rate loan with interest-only payments for the 16-unit multifamily property in Guttenberg, NJ.
Players
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2
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1
Agencies
1
Details
FINANCED
IMAGE: Emil DePasquale
DATE: 03/22/2024
ADDRESS: 6800 Polk Street
MARKET: Guttenberg, NJ
ASSET TYPE: Multifamily ~ UNITS: 16
LENDER: PGIM (@PGIM)
LANDLORD: Echevarria Properties
BROKER: Emil DePasquale - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $4,816,000
LOAN TYPE: Refinance
LOAN TERMS: The newly developed multifamily property, spanning 16-units, was refinanced via a 10-year fixed rate loan with interest-only payments for the entirety of the term.View on map
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Address6800 Polk Street
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