Banco Popular Provides $21.5M Construction Loan For Multifamily Property In Belleville, NJ | 740 Washington Avenue | Daniel Cohen, Tal Savariego | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

151,321 sqft

Located at 740 Washington Avenue in Belleville, NJ, this multifamily property is a noteworthy asset in the real estate market. With a total square footage of 151,321, it offers a total of 114 units, making it an attractive investment opportunity.

Summary of Transaction Details

Property Type: Multifamily
Transaction Amount: $21,500,000
Lender: Banco Popular
Brokers: Daniel Cohen & Tal Savariego - Meridian Capital Group
Loan Type: Construction

The loan for this transaction was facilitated by Banco Popular. Representing the buyer and seller in this deal were Daniel Cohen and Tal Savariego from Meridian Capital Group. The $21,500,000 loan is of the construction type, indicating that it was obtained for the purpose of developing or renovating the property.

Players

All
3

Agents
2
Agencies
1

Daniel Cohen

Vice President

Tal Savariego

Senior Vice President

Meridian Capital Group

Details

Deal Summary

FINANCED

IMAGE: Daniel Cohen & Tal Savariego DATE: 11/06/2023 ADDRESS: 740 Washington Avenue MARKET: Belleville, NJ ASSET TYPE: Multifamily ~ SF: 151,321 ~ UNITS: 114 LENDER: Banco Popular BROKERS: Daniel Cohen & Tal Savariego - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $21,500,000 LOAN TYPE: Construction

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Address740 Washington Avenue

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