26 North Street

  • $5674000
Emil Depasquale broker a $5,674,000 loan for Multi Family property. The deal closed 26 days ago.

Building Info

  • Units: 170
  • Property Type: Multi Family
  • Square Feet: 300000

Location

  • Address 26 North Street, Bayonne, NJ, USA
  • City New Jersey
  • State/county New Jersey
  • Zip/Postal Code 07002
  • Area Constable Hook
  • Country United States

Description

LOAN
IMAGE: Emil DePasquale
DATE: 09/21/2021
ADDRESS: 26 North Street
MARKET: Bayonne, NJ
ASSET TYPE: Multifamily ~ UNITS: 170

LENDER: Mariner’s Bank
LANDLORD: 26 North Avenue LLC
BROKERS: Emil DePasquale – BlackBear Capital Partners @BlackBearCapitalPartners)

LOAN AMOUNT: $5,674,000
LOAN TYPE: Refinance
LOAN TERMS: The land loan for the ground-up development of a 170-unit multifamily property was refinanced on a 2-year term with a floating rate and full-term interest only payments.

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Emil Depasquale
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