ConnectOne Bank Provides $18.4M Construction Loan For Multifamily Property In Orange, NJ | 49 South Day Street | ConnectOne Bank | Daniel Cohen, Tal Savariego | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

69,975 sqft

Located at 49 South Day Street in Orange, NJ, this multifamily property consists of 99 units and spans a total square footage of 69,975. The property was recently involved in a closed transaction, with a loan provided by ConnectOne Bank for a construction project. The loan amount for this project was $18,400,000.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $18,400,000
Address: 49 South Day Street
Market: Orange, NJ
Square Footage: 69,975
Units: 99

The landlord of this property is PEEK Properties, represented by Phil Evanski and Manny Klein. The brokers responsible for facilitating the transaction are Daniel Cohen and Tal Savariego from Meridian Capital Group.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Daniel Cohen

Vice President

Tal Savariego

Senior Vice President

Meridian Capital Group

ConnectOne Bank

Details

Deal Summary

FINANCED

IMAGE: Phil Evanski, Manny Klein, Tal Savariego & Daniel Cohen DATE: 11/02/2021 ADDRESS: 49 South Day Street MARKET: Orange, NJ ASSET TYPE: Multifamily ~ SF: 69,975 ~ UNITS: 99 LENDER: ConnectOne Bank LANDLORD: PEEK Properties - Phil Evanski & Manny Klein BROKERS: Daniel Cohen & Tal Savariego - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $18,400,000 LOAN TYPE: Construction

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Address49 South Day Street

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