Matthew Michelson Of LMF Commercial Provides $11.35M Refinance Loan For Jersey City Multifamily

The transaction involves a multifamily asset located in Jersey City, NJ, comprising a total of 28 units. The financial arrangement secured is a refinancing loan intended to provide cash-out options, structured as a CMBS refinancing over a ten-year term. The loan amount is set at $11,350,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,350,000
• Loan Type: Refinance
• Loan Terms: CMBS Refi - 10 Year, FTIO, Cash-out
• Lender: Matthew Michelson - LMF Commercial
• Broker: Lior Avital – The Rente Group

Matthew Michelson, acting as the lender from LMF Commercial, plays a crucial role in facilitating the financial terms of the deal. Lior Avital from The Rente Group serves as the broker, representing the interests involved in securing the terms for the refinancing transaction.