CBRE Secures $7.558 Million Refinance Loan For Multifamily Asset In Cliffside Park

The property asset involved in this transaction is a multifamily unit complex located at 251-255 Lafayette Avenue, situated in the Cliffside Park market. This asset consists of 50 units and is associated with a loan amount of $7,558,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,558,000
• Lender: CBRE - Freddie Mac
• Originators: Judah Hammer, Jeff Feldman, & Jack Hayes - CBRE
• Loan Type: Refinance
• Loan Terms: 5-Year term, Full-term IO, 5.06% Rate

This transaction was made possible through the expertise of the team comprising Judah Hammer, Jeff Feldman, and Jack Hayes at CBRE, who are responsible for the loan's origination. Their knowledge in structuring financial solutions has proven essential in achieving a successful outcome for the borrower, with a focus on eliminating unnecessary costs and ensuring a smooth process throughout the transaction.