Norkez Properties Secures $19.2M Construction Loan For Multifamily Property In Jersey City, NJ | 454 2nd Street | Daniel Cohen, Tal Savariego | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

87,843 sqft

A construction loan has been secured for a multifamily property located at 454 2nd Street in Jersey City, NJ. The property spans approximately 87,843 square feet and consists of 48 units.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $19,246,000
Date: 12/06/2021
Market: Jersey City, NJ

The construction loan was provided by Valley Bank. Norkez Properties is the landlord of the property. The transaction was facilitated by Daniel Cohen and Tal Savariego from Meridian Capital Group, serving as brokers.

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Players

All
3

Agents
2
Agencies
1

Daniel Cohen

Vice President

Tal Savariego

Senior Vice President

Details

Deal Summary

FINANCED

IMAGE: Daniel Cohen & Tal Savariego DATE: 12/06/2021 ADDRESS: 454 2nd Street MARKET: Jersey City, NJ ASSET TYPE: Multifamily ~ SF: 87,843 ~ UNITS: 48 LENDER: Valley Bank LANDLORD: Norkez Properties BROKERS: Daniel Cohen & Tal Savariego - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $19,246,000 LOAN TYPE: Construction

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Address454 2nd Street

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