FINANCED
Colliers Arranges $52.5M Construction Loan For The Braddock Multifamily In North Bergen, NJ
The Braddock (8619 Bergenline Avenue)
MultiFamily
165,247 SF
165,247 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
MultiFamily
165,247 sqft
The Braddock, located at 8619 Bergenline Avenue in North Bergen, NJ, has recently undergone a closed property transaction. This multifamily asset spans across 165,247 square feet and comprises 135 units. The transaction involved a loan from Hall Structured Finance to Sanz management for a construction project.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $52,500,000
- Loan Type: Construction
- Loan Terms: 70% LTC
The brokers involved in this deal were Peter Nicoletti, Dylan Kane, and Zach Redding from Colliers. They represented the parties in the transaction, working alongside Hall Structured Finance as the lender and Sanz Management as the landlord.
Players
All
4
Agents
3
Agencies
1
Details
FINANCED
IMAGE: Peter Nicoletti, Dylan Kane & Zach Redding
DATE: 02/27/2023
ADDRESS: 8619 Bergenline Avenue - The Braddock
MARKET: North Bergen, NJ
ASSET TYPE: Multifamily ~ SF: 165,247 ~ UNITS: 135
LENDER: Hall Structured Finance
LANDLORD: Sanz Management
BROKERS: Peter Nicoletti, Dylan Kane & Zach Redding - Colliers
LOAN AMOUNT: $52,500,000
LOAN TYPE: Construction
LOAN TERMS: 70% LTCView on map
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AddressThe Braddock (8619 Bergenline Avenue)
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