Arbor Commercial Mortgage Provides $53M Refinance Loan For Multifamily Property In East Orange, NJ | 315 South Harrison Street | Arbor Realty Trust | Brad Domenico | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

1,200 sqft

Arbor Commercial Mortgage has provided a $53,000,000 loan for the refinance of a multifamily property located at 315 S. Harrison Street in East Orange, NJ. The loan has a term of 3 years with interest-only payments and is non-recourse.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $53,000,000
Loan Terms: 3-years I/O, Non-Recourse
Loan Type: Refinance
Lender: Arbor Commercial Mortgage
Landlord: Airaj & Ibrahim Hasan - Blackstone 360
Broker: Brad Domenico - Progress Capital

Brad Domenico from Progress Capital represented the parties involved in the transaction. The East Orange, NJ property, located at 315 S. Harrison Street, was refinanced with a $53,000,000 loan provided by Arbor Commercial Mortgage. The loan has a term of 3 years with interest-only payments and is non-recourse.

Players

All
3

Agents
1
Agencies
1
Lenders
1

$735.9M Sold

Details

Deal Summary

FINANCED

IMAGE: Brad Domenico DATE: 07/26/2021 ADDRESS: 315 S. Harrison Street MARKET: East Orange, NJ ASSET TYPE: Multifamily LENDER: Arbor Commercial Mortgage LANDLORD: Airaj & Ibrahim Hasan - Blackstone 360 (@B360Apartments_NJ) BROKERS: Brad Domenico (@Domenico317) - Progress Capital (@Progress.Capital) LOAN AMOUNT: $53,000,000 LOAN TERMS: 3-years I/O, Non-Recourse LOAN TYPE: Refinance

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Address315 South Harrison Street

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