Cronheim Mortgage Secures $7.75M Loan For Jersey City Development Site | 506 Central Avenue | Janet Proscia, David Turley | Development Site | Loan

Summary

Loan

NEW JERSEY

Development Site

33,000 sqft

A development site located at 506 Central Ave in Jersey City has recently closed a transaction. The property, which spans an unspecified square footage, was involved in a deal facilitated by Janet Proscia & David Turley of Cronheim Mortgage. The transaction took place on 02/17/2021, with a loan amount of $7,750,000 for a 10-year fixed rate. The property is reported to consist of 25 units.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $7,750,000
Address: 506 Central Ave
Market: Jersey City

Janet Proscia & David Turley, representing Cronheim Mortgage, played a significant role in the deal, serving as brokers for the transaction.

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Players

Agents
2

Agencies
1

$19M Sold

Details

Deal Summary

FINANCED

IMAGE: Janet Proscia & David Turley DATE: 02/17/2021 ADDRESS: 506 Central Ave MARKET: Jersey City ASSET TYPE: Development Site BROKERS: Janet Proscia & David Turley - Cronheim Mortgage LOAN AMOUNT: $7,750,000 LOAN TERMS: 10-year fixed rate UNITS: 25

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Address506 Central Avenue

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