Meridian Capital Group Arranges $18.5M Refinance Cash Out Loan For Bayonne NJ Multifamily Portfolio | Meridian Capital Group brokers $18,500,000 loan for multifamily portfolio in Bayonne, NJ | Judah Hammer, Daniel Neiss | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

The Bayonne NJ Multifamily Portfolio, located in Bayonne, NJ, has recently undergone a refinancing cash-out loan transaction. The loan amount secured for this multifamily property portfolio is $18,500,000. The loan terms include a 5+5 loan term, with a 3.30% interest rate and 24 months of interest-only payments.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $18,500,000
Units: 125
Market: Bayonne, NJ

The brokers involved in this transaction were Judah Hammer and Daniel Neiss, representing Meridian Capital Group.

Players

All
3

Agents
2
Agencies
1

$10.3M Sold

Meridian Capital Group

Details

Deal Summary

FINANCED

IMAGE: Judah Hammer & Daniel Neiss DATE: 06/14/2022 ADDRESS: Bayonne NJ Multifamily Portfolio MARKET: Bayonne, NJ ASSET TYPE: Multifamily ~ UNITS: 125 BROKERS: Judah Hammer & Daniel Neiss - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $18,500,000 LOAN TYPE: Refinance Cash out LOAN TERMS: 5+ 5 loan term 3.30% rate 24 months IO

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AddressMeridian Capital Group brokers $18,500,000 loan for multifamily portfolio in Bayonne, NJ

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