Haven Savings Bank Provides $2.5M Refinance Loan For Jersey City Multifamily Property | 2005 John F. Kennedy Boulevard | Haven Savings Bank | Brian Anderson | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

15,048 sqft

The recent transaction involved a multifamily property located at 2005 JFK Blvd in Jersey City. The property was refinanced with a loan from Haven Savings Bank.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $2,500,000
Loan Type: Refinance
Loan Terms: 3.5% Fixed for 3 Years, 2-Years I/O, 75% LTV, 30-Year Amortization

The loan was arranged by Brian Anderson from Progress Capital, representing the borrower. The loan terms include a fixed interest rate of 3.5% for three years, with two years of interest-only payments. The loan amount represents 75% of the property's loan-to-value (LTV) ratio. The loan will be amortized over a 30-year period.

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Details

Deal Summary

FINANCED

IMAGE: Brian Anderson DATE: 02/26/2021 ADDRESS: 2005 JFK Blvd MARKET: Jersey City ASSET TYPE: Multifamily LOAN TYPE: Refinance LENDER: Haven Savings Bank BROKER: Brian Anderson - Progress Capital @progress.capital LOAN AMOUNT: $2,500,000 LOAN TERMS: Refinance, 3.5% Fixed for 3 Years, 2-Years I/O, 75% LTV, 30-Year Amortization

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Address2005 John F. Kennedy Boulevard

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