@TradedNewJersey

LOAN
IMAGE: Alan Blank & Drew Anderman
DATE: 01/12/2022
ADDRESS: 1500 Locust St
MARKET: Philadelphia
ASSET TYPE: Multifamily ~ UNITS: 612

LENDER: Square Mile Capital
BROKERS: Drew Anderman & Alan Blank - Meridian Capital Group

LOAN AMOUNT: $195,000,000
LOAN TYPE: Acquisition Loan

#NewJersey #RealEstate #TradedNJ #1500Locust #Philadelphia #Multifamily #SquareMileCapital #DrewAnderman #AlanBlank #MeridianCapitalGroup

LOAN
IMAGE: Alan Blank & Drew Anderman
DATE: 01/12/2022
ADDRESS: 1500 Locust St
MARKET: Philadelphia
ASSET TYPE: Multifamily ~ UNITS: 612

LENDER: Square Mile Capital
BROKERS: Drew Anderman & Alan Blank - Meridian Capital Group

LOAN AMOUNT: $195,000,000
LOAN TYPE: Acquisition Loan

#NewJersey #RealEstate #TradedNJ #1500Locust #Philadelphia #Multifamily #SquareMileCapital #DrewAnderman #AlanBlank #MeridianCapitalGroup
...

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LOAN
IMAGE: David May
DATE: 01/11/2022
ADDRESS: 64 West 18th Street
MARKET: Bayonne, NJ
ASSET TYPE: Multifamily ~ SF: 2,275 ~ UNITS: 6

LENDER: Stormfield Capital
LANDLORD: Miles Bronstein & Brett Rosenthal - Balfour Real Estate
BROKER: David May (@CRE_Loans) - Progress Capital (@Progress.Capital)

LOAN AMOUNT: $827,500
LOAN TYPE: Bridge Loan
LOAN TERMS: Non-Recourse

NOTE: Acquisition Bridge Loan Closed in just 3-Weeks!

Contact Dave for any of your CRE financing needs! 
201-747-6841, david@progresscapital.com

#NewJersey #RealEstate #TradedNJ #Bayonne #Multifamily #StormfieldCapital #MilesBronstein #BrettRosenthal #BalfourRealEstate #DavidMay #ProgressCapital

LOAN
IMAGE: David May
DATE: 01/11/2022
ADDRESS: 64 West 18th Street
MARKET: Bayonne, NJ
ASSET TYPE: Multifamily ~ SF: 2,275 ~ UNITS: 6

LENDER: Stormfield Capital
LANDLORD: Miles Bronstein & Brett Rosenthal - Balfour Real Estate
BROKER: David May (@CRE_Loans) - Progress Capital (@Progress.Capital)

LOAN AMOUNT: $827,500
LOAN TYPE: Bridge Loan
LOAN TERMS: Non-Recourse

NOTE: Acquisition Bridge Loan Closed in just 3-Weeks!

Contact Dave for any of your CRE financing needs!
201-747-6841, david@progresscapital.com

#NewJersey #RealEstate #TradedNJ #Bayonne #Multifamily #StormfieldCapital #MilesBronstein #BrettRosenthal #BalfourRealEstate #DavidMay #ProgressCapital
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SALE
IMAGE: Jed Matricaria
DATE: 12/30/2021
ADDRESS: 316-318 Mt Prospect Ave
MARKET: Newark
ASSET TYPE: Multifamily

BUYER: Hudson Acquisition 9, LLC
SELLER: 316 MPA, LLC
BROKER: Jed Matricaria (@JedMatricaria) - Marcus & Millichap

SALE PRICE: $1,214,500
UNITS: 8 ~ PPU: $151,813
SF: 8,000 ~ PPSF: $152

#NewJersey #RealEstate #TradedNJ #Newark #Multifamily #HudsonAcquisition9LLC #316MPALLC #JedMatricaria #MarcusandMillichap

SALE
IMAGE: Jed Matricaria
DATE: 12/30/2021
ADDRESS: 316-318 Mt Prospect Ave
MARKET: Newark
ASSET TYPE: Multifamily

BUYER: Hudson Acquisition 9, LLC
SELLER: 316 MPA, LLC
BROKER: Jed Matricaria (@JedMatricaria) - Marcus & Millichap

SALE PRICE: $1,214,500
UNITS: 8 ~ PPU: $151,813
SF: 8,000 ~ PPSF: $152

#NewJersey #RealEstate #TradedNJ #Newark #Multifamily #HudsonAcquisition9LLC #316MPALLC #JedMatricaria #MarcusandMillichap
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SALE
IMAGE: Sam Lepore
DATE: 11/26/2021
ADDRESS: 108 Fellswood Drive
MARKET: Moorestown
ASSET TYPE: SFR

BROKERS: Sam Lepore (@SamnLepore) - Keller Williams

ASKING PRICE: $1,325,000
SALE PRICE: $1,250,000
SF: 5,703 ~ PPSF: $219

#NewJersey #RealEstate #TradedNJ #Moorestown #SFR #SamLepore #KellerWilliams

SALE
IMAGE: Sam Lepore
DATE: 11/26/2021
ADDRESS: 108 Fellswood Drive
MARKET: Moorestown
ASSET TYPE: SFR

BROKERS: Sam Lepore (@SamnLepore) - Keller Williams

ASKING PRICE: $1,325,000
SALE PRICE: $1,250,000
SF: 5,703 ~ PPSF: $219

#NewJersey #RealEstate #TradedNJ #Moorestown #SFR #SamLepore #KellerWilliams
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SALE
IMAGE: Christopher Conway
DATE: 12/30/2021
ADDRESS: 2301 Park Avenue
MARKET: South Plainfield, NJ
ASSET TYPE: Retail

BUYER: Sanjay Patel - Rakhi foods LLC
SELLER: Jeff Herskowitz - Melbourne Associates I LLC
BUYER'S REP: Christopher Conway (@Retail_CRE) - The Goldstein Group (@TheGoldsteinGroup)
SELLER'S REP: Steve Winter & Mike Horne - CBRE (@CBRE)

SALE PRICE: $2,150,000
SF: 11,345 ~ PPSF: $190

NOTE: Special thanks to Mike Horne & Steve Winters for their efforts

#NewJersey #RealEstate #TradedNJ #SouthPlainfield #Retail #SanjayPatel #RakhifoodsLLC #JeffHerskowitz #MelbourneAssociatesILLC #ChristopherConway  #TheGoldsteinGroup #SteveWinter #MikeHorne #CBRE

SALE
IMAGE: Christopher Conway
DATE: 12/30/2021
ADDRESS: 2301 Park Avenue
MARKET: South Plainfield, NJ
ASSET TYPE: Retail

BUYER: Sanjay Patel - Rakhi foods LLC
SELLER: Jeff Herskowitz - Melbourne Associates I LLC
BUYER'S REP: Christopher Conway (@Retail_CRE) - The Goldstein Group (@TheGoldsteinGroup)
SELLER'S REP: Steve Winter & Mike Horne - CBRE (@CBRE)

SALE PRICE: $2,150,000
SF: 11,345 ~ PPSF: $190

NOTE: Special thanks to Mike Horne & Steve Winters for their efforts

#NewJersey #RealEstate #TradedNJ #SouthPlainfield #Retail #SanjayPatel #RakhifoodsLLC #JeffHerskowitz #MelbourneAssociatesILLC #ChristopherConway #TheGoldsteinGroup #SteveWinter #MikeHorne #CBRE
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SALE
IMAGE: Jed Matricaria
DATE: 11/22/2021
ADDRESS: 170 N Oraton Pkwy
MARKET: East Orange, NJ
ASSET TYPE: Multifamily

BUYER: 170 N Oraton Parkway Urban Renewal, LLC
SELLER: North Oraton Urban Renewal
BROKER: Jed Matricaria (@JedMatricaria) - Marcus & Millichap

SALE PRICE: $4,400,000
UNITS: 42 ~ PPU: $104,762
SF: 30,450 ~ PPSF: $144

NOTE: Jed P. Matricaria, an investment specialist in Marcus & Millichap's New Jersey office, represented the Seller and also procured the Buyer. Sharon Bullock of Midtown Commercial Realty assisted on the list side.

#NewJersey #RealEstate #TradedNJ #EastOrange #Multifamily #170NOratonParkwayUrbanRenewalLLC #NorthOratonUrbanRenewal #JedMatricaria  #MarcusandMillichap

SALE
IMAGE: Jed Matricaria
DATE: 11/22/2021
ADDRESS: 170 N Oraton Pkwy
MARKET: East Orange, NJ
ASSET TYPE: Multifamily

BUYER: 170 N Oraton Parkway Urban Renewal, LLC
SELLER: North Oraton Urban Renewal
BROKER: Jed Matricaria (@JedMatricaria) - Marcus & Millichap

SALE PRICE: $4,400,000
UNITS: 42 ~ PPU: $104,762
SF: 30,450 ~ PPSF: $144

NOTE: Jed P. Matricaria, an investment specialist in Marcus & Millichap's New Jersey office, represented the Seller and also procured the Buyer. Sharon Bullock of Midtown Commercial Realty assisted on the list side.

#NewJersey #RealEstate #TradedNJ #EastOrange #Multifamily #170NOratonParkwayUrbanRenewalLLC #NorthOratonUrbanRenewal #JedMatricaria #MarcusandMillichap
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SALE
IMAGE: Jeremy Neuer, Steve Bardsley, Jeffrey Dunne, David Gavin, Fahri Ozturk, Richard Gatto, Travis Langer, Zachary McHale, Timothy Blashford & Nat Gambuzza
DATE: 01/10/2022
ADDRESS: Multifamily Portfolio
MARKET: East Orange, NJ
ASSET TYPE: Multifamily 

SELLER: OneWall Communities (@OneWallCommunities) - Nate Kline 
BROKERS: Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Richard Gatto, Fahri Ozturk, Travis Langer, Zachary McHale, Nat Gambuzza & Timothy Blashford - CBRE (@CBRE)

SALE PRICE: $53,000,000
UNITS: 301 ~ PPU: $176,080

#NewJersey #RealEstate #TradedNJ #EastOrange #Multifamily #OneWallCommunities #NateKline #JeffreyDunne #JeremyNeuer #SteveBardsley #DavidGavin #RichardGatto #FahriOzturk #TravisLanger #ZacharyMcHale #NatGambuzza #TimothyBlashford #CBRE

SALE
IMAGE: Jeremy Neuer, Steve Bardsley, Jeffrey Dunne, David Gavin, Fahri Ozturk, Richard Gatto, Travis Langer, Zachary McHale, Timothy Blashford & Nat Gambuzza
DATE: 01/10/2022
ADDRESS: Multifamily Portfolio
MARKET: East Orange, NJ
ASSET TYPE: Multifamily

SELLER: OneWall Communities (@OneWallCommunities) - Nate Kline
BROKERS: Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Richard Gatto, Fahri Ozturk, Travis Langer, Zachary McHale, Nat Gambuzza & Timothy Blashford - CBRE (@CBRE)

SALE PRICE: $53,000,000
UNITS: 301 ~ PPU: $176,080

#NewJersey #RealEstate #TradedNJ #EastOrange #Multifamily #OneWallCommunities #NateKline #JeffreyDunne #JeremyNeuer #SteveBardsley #DavidGavin #RichardGatto #FahriOzturk #TravisLanger #ZacharyMcHale #NatGambuzza #TimothyBlashford #CBRE
...

113 7
SALE
IMAGE: Daniel Lanni
DATE: 12/29/2021
ADDRESS: 1215 Springwood Ave & 1266 Washington Ave
MARKET: Asbury Park, NJ
ASSET TYPE: Multifamily

BUYER'S REP: Joe Keenan - Kislak Realty
SELLER'S REP: Daniel Lanni (@Dantrepreneur_) - Kislak Realty

SALE PRICE: $5,925,000
UNITS: 49 ~ PPU: $120,918

#NewJersey #RealEstate #TradedNJ #AsburyPark #Multifamily #JoeKeenan #KislakRealty #DanielLanni

SALE
IMAGE: Daniel Lanni
DATE: 12/29/2021
ADDRESS: 1215 Springwood Ave & 1266 Washington Ave
MARKET: Asbury Park, NJ
ASSET TYPE: Multifamily

BUYER'S REP: Joe Keenan - Kislak Realty
SELLER'S REP: Daniel Lanni (@Dantrepreneur_) - Kislak Realty

SALE PRICE: $5,925,000
UNITS: 49 ~ PPU: $120,918

#NewJersey #RealEstate #TradedNJ #AsburyPark #Multifamily #JoeKeenan #KislakRealty #DanielLanni
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40 2
LOAN
IMAGE: Matthew Stearns & Raymond Zanca
DATE: 12/29/2021
ADDRESS: 2930 W County Highway
MARKET: Santa Rosa Beach, FL
ASSET TYPE: Office ~ SF: 12,000 

BROKERS: Matthew Stearns & Raymond Zanca - @BlackBearCapitalPartners

LOAN AMOUNT: $3,132,725
LOAN TYPE: Acquisition
LOAN TERMS: The acquisition of the 12K SF boutique office building was financed on a 10-year fixed-rate loan at 73% loan-to-value (LTV).

#Florida #RealEstate #SantaRosaBeach #Office #MatthewStearns #RaymondZanca #BlackBearCapitalPartners #TradedNewYork #TradedMiami #TradedChicago #TradedNewJersey

LOAN
IMAGE: Matthew Stearns & Raymond Zanca
DATE: 12/29/2021
ADDRESS: 2930 W County Highway
MARKET: Santa Rosa Beach, FL
ASSET TYPE: Office ~ SF: 12,000

BROKERS: Matthew Stearns & Raymond Zanca - @BlackBearCapitalPartners

LOAN AMOUNT: $3,132,725
LOAN TYPE: Acquisition
LOAN TERMS: The acquisition of the 12K SF boutique office building was financed on a 10-year fixed-rate loan at 73% loan-to-value (LTV).

#Florida #RealEstate #SantaRosaBeach #Office #MatthewStearns #RaymondZanca #BlackBearCapitalPartners #TradedNewYork #TradedMiami #TradedChicago #TradedNewJersey
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LOAN
IMAGE: Raymond Zanca & Matthew Stearms
DATE: 12/20/2021
ADDRESS: NE Corner of Powers Boulevard & Galley Road
MARKET: Colorado Springs, CO
ASSET TYPE: Multi Family 

LANDLORD: Jackson Dearborn Partners
BROKERS: Raymond Zanca & Matthew Stearms - @BlackBearCapitalPartners

LOAN AMOUNT: $51,700,000
LOAN TYPE: Construction
LOAN TERMS: The ground-up construction of Solace at Cimarron Hills, a 234-unit multifamily development, was financed at 75% loan-to-cost (LTC) with interest-only payments for the entirety of the term.

#LosAngeles #RealEstate #tradedla #ColoradoSprings #Colorado #NewYork #NewJersey #MultiFamily #JacksonDearbornPartners #RaymondZanca #MatthewStearms #BlackBearCapitalPartners

LOAN
IMAGE: Raymond Zanca & Matthew Stearms
DATE: 12/20/2021
ADDRESS: NE Corner of Powers Boulevard & Galley Road
MARKET: Colorado Springs, CO
ASSET TYPE: Multi Family

LANDLORD: Jackson Dearborn Partners
BROKERS: Raymond Zanca & Matthew Stearms - @BlackBearCapitalPartners

LOAN AMOUNT: $51,700,000
LOAN TYPE: Construction
LOAN TERMS: The ground-up construction of Solace at Cimarron Hills, a 234-unit multifamily development, was financed at 75% loan-to-cost (LTC) with interest-only payments for the entirety of the term.

#LosAngeles #RealEstate #tradedla #ColoradoSprings #Colorado #NewYork #NewJersey #MultiFamily #JacksonDearbornPartners #RaymondZanca #MatthewStearms #BlackBearCapitalPartners
...

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