J&L Companies, Inc Acquires Multifamily Property In Newark, NJ For $94M
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This MultiFamily property located in NJ received a loan of $94,000,000 almost 4 years ago. The brokers of the deal were Matthew Hirsch, Steven Deck, and Drew Fletcher
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- Location55 Union Street, Newark, NJ, USA
- Loan Value$94,000,000
- Asset TypeMultiFamily
- Parties3 Brokers, 1 Agency, 2 Lenders
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Deal Summary
LOAN
IMAGE: Drew Fletcher, Steven Deck, Dov Kotler, Jim Getz & Matthew Hirsch
DATE: 06/24/2021
ADDRESS: 55 Union Street
MARKET: Newark, NJ
ASSET TYPE: Multifamily
LENDER: Valley National Bank, Bank Hapoalim, Abanca USA & TriState Capital Bank
LANDLORD: J&L Companies, Inc - Jose Lopez
BROKERS: Drew Fletcher, Matthew Hirsch & Steven Deck - Greystone
LOAN AMOUNT: $94,000,000
UNITS: 403
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55 Union Street
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