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Greystone Provides $74.3M Loan For Newark Multifamily Property

322-324 Parke Avenue
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This MultiFamily property located in NJ received a loan of $74,300,000 almost 2 years ago.

The multifamily property located at 322-324 Parke Ave in Newark was involved in a closed transaction. The property consists of 574 units and is situated in a vibrant market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $74,300,000
  • Lender: greystone''>Greystone
  • Loan Terms: 10-year terms and 30-year amortization
  • Representative: Hope Curtis - Greystone

Hope Curtis, from Greystone, represented the lender in the transaction. The loan amount for this deal was $74,300,000 with terms of 10 years and a 30-year amortization period.

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Deals
  • Location
    322-324 Park Avenue, Newark, New Jersey 07107, United States322-324 Park Avenue, Newark, New Jersey 07107, United States
  • Loan Value
    $74,300,000$74,300,000
  • Asset Type
    MultiFamilyMultiFamily

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Deal Summary

LOAN IMAGE: Hope Curtis DATE: 06/02/2022 ADDRESS: 322-324 Parke Ave MARKET: Newark ASSET TYPE: Multifamily ~ UNITS: 574 LENDER: Greystone (@Greystone.RealEstate) - Hope Curtis LOAN AMOUNT: $74,300,000 LOAN TERMS: 10-year terms and 30-year amortization

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