FINANCED
Investors Bank Provides $3M Acquisition Loan For Multifamily Property In Elizabeth, NJ
744-746 Westfield Avenue, 860-862 Jersey Avenue
MultiFamily
17,220 SF
17,220 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
MultiFamily
17,220 sqft
Brad Domenico and Gabby Cali facilitated a loan for the acquisition of a multifamily property located at 744-746 Westfield Avenue and 860-862 Jersey Avenue in Elizabeth, NJ. The property is situated in a thriving market. The loan was provided by Investors Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,035,000
- Loan Type: Acquisition
The loan terms include a 10-year fixed rate with a 30-year amortization period. The loan is non-recourse, providing favorable conditions for the borrower. The landlord, Stuart Wainberg of Wainco Realty, represents the property interests.
Brad Domenico and Gabby Cali, representing Progress Capital, acted as the brokers in this deal. Their expertise contributed to the successful loan acquisition for the multifamily property in Elizabeth, NJ.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Brad Domenico & Gabby Cali
DATE: 06/03/2021
ADDRESS: 744-746 Westfield Avenue, 860-862 Jersey Avenue
MARKET: Elizabeth, NJ
ASSET TYPE: Multifamily
LOAN TYPE: Acquisition
LENDER: Investors Bank
LANDLORD: Stuart Wainberg - Wainco Realty
BROKERS: Brad Domenico @Domenico317 & Gabby Cali @GabbyCali22 - Progress Capital (@Progress.Capital)
LOAN AMOUNT: $3,035,000
LOAN TERMS: 10 Years Fixed Rate, 30 Year Amortization, Non-RecourseView on map
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Address744-746 Westfield Avenue, 860-862 Jersey Avenue
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