Valley National Bank Provides $2.7M Refinance Loan For Mixed-Use Property In Union City, NJ

A mixed-use property located at 4401-4403 Bergenline Avenue in Union City, NJ, has recently undergone a refinancing transaction. The property, which features a combination of residential and commercial spaces, was involved in a deal that took place on September 8, 2021.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $2,700,000
• Lender: Valley National Bank
• Brokers: Brad Domenico & Frank Stanislaski - Progress Capital
• Date: 09/08/2021
• Market: Union City, NJ

The refinancing was facilitated by Valley National Bank, while the brokerage services were provided by Brad Domenico and Frank Stanislaski of Progress Capital. The transaction involved a loan amount of $2,700,000 and aimed to restructure the property's existing financing arrangements.