Loan Secured For Multifamily Property At 7 Sloan Court In Matawan, NJ | 7 Sloan Court - The Preserve at Matawan | Hanover Community Bank | John Libretti | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

37,000 sqft

The Preserve at Matawan, located at 7 Sloan Court in Matawan, NJ, has been sold in a multifamily acquisition deal. The property spans approximately 37,000 square feet and consists of 31 units. The transaction took place on June 8, 2022.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $1,800,000
Lender: Hanover Community Bank
Broker: John Libretti - Progress Capital

John Libretti from Progress Capital represented the buyer in the transaction, while Hanover Community Bank provided the loan of $1,800,000 for the acquisition of The Preserve at Matawan. The deal marks a significant investment opportunity in the Matawan market.

Players

All
3

Agents
1
Agencies
1
Lenders
1

John Libretti

Managing Director

$3M Sold

Progress Capital

Hanover Community Bank

Details

Deal Summary

FINANCED

IMAGE: John Libretti DATE: 06/08/2022 ADDRESS: 7 Sloan Court - The Preserve at Matawan MARKET: Matawan, NJ ASSET TYPE: Multifamily ~ SF: 37,000 ~ UNITS: 31 LENDER: Hanover Community Bank BROKER: John Libretti (@JohnLibretti) - Progress Capital (@Progress.Capital) LOAN AMOUNT: $1,800,000 LOAN TYPE: Acquisition

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Address7 Sloan Court - The Preserve at Matawan

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