Savings Bank Provides $9,435,000 Refinance Loan For Multifamily Property In Stratford, NJ

The asset involved in the transaction is a multifamily property located in Stratford, NJ. The loan amount for this refinance transaction was $9,435,000, and it was structured as a short term 2-year SWAP deal. This loan was secured following a purchase made 18 months prior, which was bought out of foreclosure.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $9,435,000
• Lender: Savings Bank
• Landlord's Representative: Jacob Schmuckler & Meir Schlusselberg - Arrow Real Estate Advisors
• Loan Type: Refinance

This transaction was facilitated by Arrow Real Estate Advisors, represented by Jacob Schmuckler and Meir Schlusselberg. The refinance aims to maintain flexibility for the client, allowing for another refinance option once the property is further stabilized.