Colliers Arranges $52.5M Construction Loan For The Braddock Multifamily In North Bergen, NJ

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.