Cross River Bank Provides $3.2M Loan For Mixed-Use Portfolio In Edgewater, Jersey City, And Wyckoff

A mixed-use property portfolio comprising four properties located at 2 Hillard Ave, 56 Gifford Ave, 151-153 Delaware Ave, and 358 Godwin Ave has been closed in the markets of Edgewater, Jersey City, and Wyckoff. The transaction includes a loan from Cross River Bank for a total amount of $3,200,000.

Summary of transaction details

• Property Type: Mixed-Use (4 Property Portfolio)
• Transaction Amount: $3,200,000
• Market: Edgewater, Jersey City & Wyckoff
• Lender: Cross River Bank
• Broker: Frank Stanislaski represented by Progress Capital

The key individuals involved in this deal include Frank Stanislaski, who represented the buyer or seller in this transaction, and the brokerage firm Progress Capital.