Kearny Bank Provides $26M Refinance Loan For Ridgewood Multifamily Property
55-27 Myrtle Avenue
MultiFamily
54,166 SF
54,166 SF
Financed 1 year ago
Summary
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.
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55-27 Myrtle Avenue
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