Amboy Bank Provides $13.5M Construction Loan For 55-Unit Multifamily In Vernon

An apartment building with 55 units located at 7 Theta Drive in Vernon, NJ has secured a $13,500,000 construction loan from Amboy Bank. The landlord of the property is O'Neill Group, and the transaction was facilitated by Chaz Kauffman of C.H. Kauffman & Associates.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,500,000
• Address: 7 Theta Drive
• Market: Vernon
• Loan Type: Construction Loan
• Lender: Amboy Bank
• Landlord: O'Neill Group
• Broker: Chaz Kauffman - C.H. Kauffman & Associates

C.H. Kauffman & Associates, through broker Chaz Kauffman, successfully arranged the $13,500,000 construction to permanent loan for the 55-unit apartment building. For any commercial financing needs, inquiries can be directed to [email protected] or by calling C.H. Kauffman at 732-212-0333.