Skyline Development Group Secures $55.5M Construction Loan For Multifamily Property In North Bergen, New Jersey

The multifamily property located at 8701 Churchill Rd in North Bergen, New Jersey has recently undergone a closed transaction. The property, spanning 125,000 square feet, is owned by Skyline Development Group and was financed through a construction loan provided by Mosaic Real Estate Credit. The loan amount for this transaction was $55,500,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $55,500,000
• Lender: Mosaic Real Estate Credit – Vicky Schiff
• Landlord: Skyline Development Group – Louis Mont
• Market: North Bergen, New Jersey
• Address: 8701 Churchill Rd

Vicky Schiff from Mosaic Real Estate Credit served as the lender for this construction loan, while Louis Mont represented Skyline Development Group as the landlord. The deal involved various individuals including Jonathan Aghravi, Eli Terry, Louis Mont, Vicky Schiff, and Charles Han.