FINANCED
M&T Bank Provides $78M Construction Loan For 291-Unit Multifamily In South Amboy
1000 Schindler Drive
MultiFamily
Summary
Loan
NEW JERSEY
MultiFamily
An multifamily asset located at 1000 Schindler Dr in South Amboy has been involved in a recent closed transaction. The property consists of 291 units and is owned by BNE Real Estate Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 08/25/2022
- Address: 1000 Schindler Dr
- Market: South Amboy
The loan for this transaction was provided by M&T Bank, with Shawn Field as the representative. The loan amount was $78,000,000 and it was classified as a construction loan. The terms of the loan included an interest-only period at a very attractive fixed interest rate.
The brokers involved in this deal were John Taylor and Donna Falzarano, representing M&T Realty Capital Corporation.
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Details
FINANCED
IMAGE: Donna Falzarano & John Taylor
DATE: 08/25/2022
ADDRESS: 1000 Schindler Dr
MARKET: South Amboy
ASSET TYPE: Multifamily ~ UNITS: 291
LENDER: M&T Bank - Shawn Field
LANDLORD: BNE Real Estate Group
BROKERS: John Taylor & Donna Falzarano (@D.Falzarano) - M&T Realty Capital Corporation
LOAN AMOUNT: $78,000,000
LOAN TYPE: Construction Loan
LOAN TERMS: interest-only period at a very attractive fixed interest rateView on map
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Address1000 Schindler Drive
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