FINANCED
Valley National Bank Provides $10.1M Construction Loan For Mixed-Use Property On Storms Avenue, Jersey City
99 Storms Avenue
Mixed-use
Financed 1 year ago
Summary
Loan
NEW JERSEY
Mixed-use
Located at 99 Storms Avenue in Jersey City, NJ, this mixed-use property with 51 units recently underwent a closed transaction. The property consists of 50 residential units and one ground-level retail space.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,100,000
- Address: 99 Storms Avenue, Jersey City, NJ
- Market: Jersey City, NJ
- Units: 51
The loan for this transaction was provided by Valley National Bank. The loan amount was $10,100,000, and it was specifically for construction purposes. Shai Benhamou served as the landlord in this deal.
Progress Capital represented both parties in this transaction. Brad Domenico and Frank Stanislaski, brokers from Progress Capital, facilitated the deal.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Frank Stanislaski & Brad Domenico
DATE: 11/04/2021
ADDRESS: 99 Storms Avenue
MARKET: Jersey City, NJ
ASSET TYPE: Mixed-use ~ UNITS: 51
LENDER: Valley National Bank
LANDLORD: Shai Benhamou
BROKERS: Brad Domenico (@Domenico317) & Frank Stanislaski (@FStanisl) - Progress Capital (@Progress.Capital)
LOAN AMOUNT: $10,100,000
LOAN TYPE: Construction
NOTE: 50-residential units/1 ground-level retailView on map
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Address99 Storms Avenue
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