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Tidewater Real Estate Refinances Nutley & Palisades Park Multifamily For $45.5M

41 Warren Street & 82 West Palisades Boulevard
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This MultiFamily property located in NJ received a loan of $45,500,000 over 2 years ago. The brokers of the deal were Michael Lachs and Gregory (Greg) Nalbandian

Tidewater Real Estate has recently refinanced a multifamily property located at 41 Warren St in Nutley and 82 W Palisades Blvd in Palisades Park. The property consists of 321 units, making it a significant asset in the market. The transaction was facilitated by brokers Greg Nalbandian and Michael Lachs from JLL Capital Markets.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $45,500,000
  • Loan Type: Refinancing
  • Loan Terms: The fixed-rate loans have a 30-year self-liquidating term.
  • Address: 41 Warren St & 82 W Palisades Blvd
  • Market: Nutley & Palisades Park
  • Landlord: Tidewater Real Estate
  • Brokers: Greg Nalbandian & Michael Lachs - JLL Capital Markets

Greg Nalbandian and Michael Lachs, representing JLL Capital Markets, played a crucial role in facilitating the refinancing deal. Their expertise and negotiation skills contributed to the successful completion of the transaction.

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Deals
  • Location
    41 Warren St, Nutley, NJ, USA41 Warren St, Nutley, NJ, USA
  • Loan Value
    $45,500,000$45,500,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Michael Lachs

Michael Lachs

Deals15
Financed$775.2M

Gregory (Greg) Nalbandian

Gregory (Greg) Nalbandian

Deals17
Financed$702.7M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

LOAN IMAGE: Greg Nalbandian & Michael Lachs DATE: 12/01/2021 ADDRESS: 41 Warren St & 82 W Palisades Blvd MARKET: Nutley & Palisades Park ASSET TYPE: Multifamily ~ UNITS: 321 LANDLORD: Tidewater Real Estate BROKERS: Greg Nalbandian & Michael Lachs - JLL Capital Markets LOAN AMOUNT: $45,500,000 LOAN TYPE: Refinancing LOAN TERMS: fixed-rate loans have a 30-year self-liquidating term

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41 Warren Street & 82 West Palisades Boulevard

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