The Bancorp Inc. Provides $14.7 Million Acquisition Loan For 80-Unit South Jersey Multifamily Property

The transaction involves a multifamily asset comprising 80 units with a total square footage of 175,546. It is located in the South Jersey market and has a loan amount of $14,700,000 for acquisition purposes.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,700,000
• Market: South Jersey
• Lender: The Bancorp, Inc.
• Brokers: Abe Hirsch & Ben Himmel - Meridian Capital Group
• Loan Type: Acquisition

Abe Hirsch and Ben Himmel from Meridian Capital Group represented the lenders in this transaction. Their expertise facilitated the loan agreement that supports the acquisition of this multifamily asset.