NYCB Refinances Bayonne MultiFamily Property For $47.9M With Lender Abraham Kaidanian And Broker Judah Hammer

$47,914,000

Units

386

Asset Type

MultiFamily

Closing

Jun 20, 2023

AI

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