NYCB Refinances Bayonne MultiFamily Property For $47.9M With Lender Abraham Kaidanian And Broker Judah Hammer | Meridian Capital Group completes loan for $47,914,000 in Bayonne | NYCB | Judah Hammer | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

An $47,914,000 loan has been secured for the multifamily property located in Bayonne, NJ. The property consists of 386 units and 9 retail units. The loan was obtained for the purpose of refinancing.

Summary of transation details

Property Type: MultiFamily
Transaction Amount: $47,914,000
Units: 386
Retail Units: 9

The loan was provided by NYCB and facilitated by Abraham Kaidanian. Judah Hammer from the Meridian Capital Group represented the borrower in the transaction.

The loan terms include a fixed rate of 5.95% for the first 5 years, with 2 years of interest-only payments. After the initial term, the rate will be fixed for a total of 30 years.

Players

All
3

Agents
1
Agencies
1
Lenders
1

Judah Hammer

Managing Director

$10.3M Sold

Meridian Capital Group

NYCB

Details

Deal Summary

FINANCED

IMAGE: Abraham Kaidanian & Judah Hammer DATE: 06/20/2023 MARKET: Bayonne, NJ ASSET TYPE: MultiFamily ~ UNITS: 386 ~ RETAIL UNITS: 9 LENDER: NYCB - Abraham Kaidanian BROKER: Judah Hammer (@JudahHammer) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $47,914,000 LOAN TYPE: Refinance LOAN TERMS: Rate: 5.95% fixed for 5 years 2 years IO, 30 year thereafter

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AddressMeridian Capital Group completes loan for $47,914,000 in Bayonne

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