Avi & Eyal Gagin Secure $30M Construction Loan For Multifamily Property Jersey City, NJ

Avi and Eyal Gagin have secured a $30,000,000 construction loan for their multifamily property located at 859-869 Communipaw Avenue in Jersey City, NJ. The property spans a total area of 136,442 square feet, showcasing its spaciousness and potential. The loan was provided by Eric Regenbogen from Arbor Realty Trust, enabling the Gagins to pursue their construction plans.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $30,000,000
• Address: 859-869 Communipaw Avenue, Jersey City, NJ
• Market: Jersey City, NJ
• Lender: Eric Regenbogen - Arbor Realty Trust
• Landlord: Avi & Eyal Gagin
• Broker: Brad Domenico - Progress Capital

Brad Domenico of Progress Capital played an instrumental role as the broker for this transaction, facilitating the connection between the Gagins and Eric Regenbogen from Arbor Realty Trust. This loan marks an important step in the Gagins' plans for the multifamily property, allowing them to move forward with their construction project.