North River Partners Provides $31.5 Million Bridge Loan For Long Branch Multifamily Project

$31,500,000

$31,500,000/SF

Building Size

1 SF

Asset Type

MultiFamily

Closing

Nov 19, 2024

AI

The transaction involved a multifamily asset located in Long Branch. The deal was characterized by a bridge loan amounting to $31,500,000 to facilitate construction completion and lease-up.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $31,500,000
Lender: Sean Roberston & Jeff Rosenfeld - North River Partners
Brokers: Michael Horowitz, Jordan Horowitz & Nick Barbato - Cooper Horowitz
Loan Type: Bridge

North River Partners provided the construction completion and lease-up loan, effectively closing pre-TCO. The brokers involved played a crucial role in facilitating the transaction within the Long Branch market.

Players