FINANCED
Investors Bank Provides $11.5M Loan For Multifamily Property In Summit
123-127 Summit Avenue
MultiFamily
Financed 1 year ago
Summary
Loan
NEW JERSEY
MultiFamily
The multifamily property located at 123-127 Summit Ave in Summit has been involved in a closed transaction. The property consists of 37 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,500,000
- Address: 123-127 Summit Ave
- Market: Summit
- Units: 37
The lender for this transaction was Investors Bank. The landlord of the property is New Darlington LLC. Jon Mikula, Jake Moore, and Salvatore Buzzerio from JLL served as brokers in this deal.
The loan amount for this transaction is $11,500,000. The loan terms include a 10-year fixed-rate loan with non-recourse.
Players
All
5
Agents
3
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Jake Moore & Jon Mikula
DATE: 04/07/2022
ADDRESS: 123-127 Summit Ave
MARKET: Summit
ASSET TYPE: Multifamily ~ UNITS: 37
LENDER: Investors Bank
LANDLORD: New Darlington LLC
BROKERS: Jon Mikula, Jake Moore & Salvatore Buzzerio - JLL
LOAN AMOUNT: $11,500,000
LOAN TERMS: 10-year, fixed-rate, non-recourse loanView on map
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Address123-127 Summit Avenue
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