Progress Capital Facilitates $81M Loan For Multifamily Portfolio In East Orange And Irvington. Arbor Commercial Mortgage Provides Non-Recourse Financing
ShareContact
This MultiFamily property located in NJ received a loan of $81,000,000 about 3 years ago. The broker of the deal was Brad Domenico
View Related
- Location49 Prospect Street
- Loan Value$81,000,000
- Asset TypeMultiFamily
- Parties1 Broker, 1 Agency
Agent
Agency
Social
Deal Summary
[embed]
LOAN
IMAGE: Brad Domenico, Granit Gjonbalaj, Glenn Palilla, & Brian Scharf
DATE: 01/04/2021
ADDRESS: East Orange: (49 Prospect St, 60 N. Arlington Ave, 17 Summit Ave, 112 Lincoln Ave, 444-450 Prospect Ave, 363-365 Park Ave, 161 N. Arlington Ave, 6 Glenwood Ave, 376 Park Ave, 30 Beech St, 365 William St, 46 N. Arlington Ave) Irvington: (25-41 Smith St, 999 Stuyvestant Ave, 405-419 Stuyvestant Ave, 25 Linden Ave, 992-94 Myrtle Ave, 977-983 Stuyvestant Ave, 633 Nye Ave, 572 Stuyvestant Ave, 1309-1315 Clinton Ave, 1-3 Fuller Pl, 724 Lyons Ave, 89 Wagner Pl
MARKET: East Orange & Irvington
ASSET TYPE: Multifamily
LENDER: Arbor Commercial Mortgage - Brian Scharf
LANDLORD: Spaxel - Granit Gjonbalaj & Glenn Palilla
BROKER: Brad Domenico (@Domenico317) - Progress Capital (@Progress.Capital)
LOAN AMOUNT: $81,000,000
LOAN TERMS: Acquisition Financing for Multifamily Portfolio of 24 Properties / Non-Recourse
Comparables
Contact
East Orange: (49 Prospect St, 60 N. Arlington Ave, 17 Summit Ave, 112 Lincoln Ave, 444-450 Prospect Ave, 363-365 Park Ave, 161 N. Arlington Ave, 6 Glenwood Ave, 376 Park Ave, 30 Beech St, 365 William St, 46 N. Arlington Ave) Irvington: (25-41 Smith St, 999 Stuyvestant Ave, 405-419 Stuyvestant Ave, 25 Linden Ave, 992-94 Myrtle Ave, 977-983 Stuyvestant Ave, 633 Nye Ave, 572 Stuyvestant Ave, 1309-1315 Clinton Ave, 1-3 Fuller Pl, 724 Lyons Ave, 89 Wagner Pl
Social
Comparables
Contact
Share
Login to Suggest Edits