FINANCED
Procida Funding Provides $18.5M Payoff Loan For 122-Unit Multifamily Building In Jersey City, NJ
190 Academy Street
MultiFamily
44,000 SF
44,000 SF
Summary
Loan
NEW JERSEY
MultiFamily
44,000 sqft
A loan payoff transaction took place on June 15, 2021, involving a multifamily property located at 190 Academy Street in Jersey City, NJ. The property is a 122-unit micro apartment building.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,500,000
- Loan Type: Payoff
- Market: Jersey City, NJ
- Lender: Procida Funding and their representatives Brian Foley, Derek Weissman, and Omar Khan
- Landlord: Strategic Properties and KSNY Development
- Loan Terms: Construction
- Units: 122
The loan payoff transaction was facilitated by Procida Funding, represented by Brian Foley, Derek Weissman, and Omar Khan. The property is owned by Strategic Properties and KSNY Development. The loan amount for the transaction was $18,500,000 with construction loan terms.
Read LessDetails
FINANCED
IMAGE: - LOAN
IMAGE: Brian Foley, Derek Weissman & Omar Khan
DATE: 06/15/2021
ADDRESS: 190 Academy Street
MARKET: Jersey City, NJ
ASSET TYPE: Multifamily
LOAN TYPE: Payoff
LENDER: Procida Funding @ProcidaFunding - Brian Foley @Foley794, Derek Weissman @Bubba_55 & Omar Khan @Omisk21
LANDLORD: Strategic Properties & KSNY Development
LOAN AMOUNT: $18,500,000
LOAN TERMS: Construction
UNITS: 122
NOTE: 122-unit micro apartment buildingView on map
Loading...
Address190 Academy Street
Comparables
Reset filters to show results.