Signature Bank Provides $7.9M Refinance Loan For Mixed-use Property In Newark, NJ

Located at 36-40 Clinton Street in Newark, NJ, this mixed-use property was involved in a recent transaction. The property features a diverse range of uses, combining residential and commercial spaces. Its prime location in Newark's market adds to its appeal.

Summary of transaction details

• Property Type: Mixed-use
• Address: 36-40 Clinton Street
• Market: Newark, NJ
• Lender: Signature Bank
• Broker: Brad Domenico - Progress Capital
• Loan Amount: $7,900,000
• Loan Type: Refinance

In this transaction, Signature Bank provided a refinancing loan of $7,900,000 for the property at 36-40 Clinton Street. The loan allowed the property's owner to secure favorable terms and potentially streamline their financial obligations. Brad Domenico of Progress Capital represented the parties involved in this deal.