Northmarq Arranges $13M Refinance For The Opus In North Arlington

The Opus, a 49-unit multifamily property located at 77 Ridge Road in North Arlington, New Jersey, has secured a $13 million refinance loan. The loan was arranged by Robert Ranieri of Northmarq, a local bank. The property offers modern amenities and is conveniently situated near Manhattan and MetLife Stadium.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $13,000,000
• Address: 77 Ridge Road, North Arlington, New Jersey
• Market: North Arlington
• Broker: Robert Ranieri - Northmarq
• Loan Type: Refinance
• Loan Terms: 5-year term with 1-year interest only followed by a 29-year amortization schedule

Robert Ranieri of Northmarq played a key role in facilitating the $13 million refinance loan for The Opus. The multifamily property, offering modern amenities, is well-positioned near Manhattan and MetLife Stadium. The successful loan arrangement showcases the expertise and network of Robert Ranieri and Northmarq in the local banking and real estate market.