Hero Construction Secures $19.5M Loan For Multifamily Property In East Orange

A multifamily property located at 45 South Grove Street in East Orange, NJ has recently undergone a closed transaction. The property, owned by Hero Construction and represented by Dennis McNeil, caught the attention of the market. Brad Domenico of Progress Capital played a pivotal role as the broker, facilitating the deal.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $19,540,000
• Loan: Metropolitan Bank
• Loan Term: 18 Months interest only
• Landlord: Hero Construction - Dennis McNeil
• Broker: Brad Domenico - Progress Capital
• Market: East Orange, NJ

The transaction involved a loan from Metropolitan Bank, with an amount of $19,540,000 and a term of 18 months interest only. The property, situated in East Orange, NJ, is a notable multifamily asset. Hero Construction, led by Dennis McNeil, acted as the landlord in this deal. Brad Domenico, representing Progress Capital, served as the broker, ensuring a smooth transaction for all parties involved.