Kearny Bank Provides $26M Refinance Loan For Ridgewood Multifamily Property

Kearny Bank has provided a refinance loan of $26,000,000 for the property located at 55-27 Myrtle Avenue in Ridgewood. The multifamily asset spans approximately 54,166 square feet. The loan, which was executed on April 14, 2022, benefits the landlord, Bushburg Properties.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $26,000,000
• Address: 55-27 Myrtle Avenue
• Market: Ridgewood

Kearny Bank played a crucial role as the lender in this refinance deal, providing financial support to Bushburg Properties. The transaction demonstrates the ongoing activity in the Ridgewood market and the confidence of lenders in financing property investments.