FINANCED
Harbor Group International & Azure Partners Acquire Multifamily Property In Somerset For $88M
500 Bristol Boulevard
MultiFamily
1,458 SF
1,458 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
MultiFamily
1,458 sqft
The multifamily property located at 500 Bristol Boulevard in Somerset recently underwent a closed transaction. The property consists of 384 units and was the subject of a loan provided by Freddie Mac Optigo. The loan amount for this transaction was $88,000,000, with a term of 10 years and a floating-rate.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $88,000,000
- Address: 500 Bristol Boulevard
- Market: Somerset
- Units: 384
The landlords involved in this transaction are Harbor Group International and Azure Partners. The brokers who represented the parties in this deal were Jamie Leachman, Matthew Pizzolato, Amit Kakar, and Thomas E. Didio, Jr. from JLL Capital Markets.
Players
All
5
Agents
4
Agencies
1
Details
FINANCED
IMAGE: Jamie Leachman, Matthew Pizzolato, Amit Kakar, & Thomas E. Didio, Jr.
DATE: 01/11/2021
ADDRESS: 500 Bristol Boulevard
MARKET: Somerset
ASSET TYPE: Multifamily
UNITS: 384
LENDER: Freddie Mac Optigo
LANDLORD: Harbor Group International & Azure Partners
BROKERS: Jamie Leachman, Matthew Pizzolato, Amit Kakar & Thomas E. Didio, Jr. - JLL Capital Markets
LOAN AMOUNT: $88,000,000
LOAN TERMS: 10-year, floating-rate loanView on map
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Address500 Bristol Boulevard
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