Tidewater Real Estate Refinances Nutley & Palisades Park Multifamily For $45.5M

Tidewater Real Estate has recently refinanced a multifamily property located at 41 Warren St in Nutley and 82 W Palisades Blvd in Palisades Park. The property consists of 321 units, making it a significant asset in the market. The transaction was facilitated by brokers Greg Nalbandian and Michael Lachs from JLL Capital Markets.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $45,500,000
• Loan Type: Refinancing
• Loan Terms: The fixed-rate loans have a 30-year self-liquidating term.
• Address: 41 Warren St & 82 W Palisades Blvd
• Market: Nutley & Palisades Park
• Landlord: Tidewater Real Estate
• Brokers: Greg Nalbandian & Michael Lachs - JLL Capital Markets

Greg Nalbandian and Michael Lachs, representing JLL Capital Markets, played a crucial role in facilitating the refinancing deal. Their expertise and negotiation skills contributed to the successful completion of the transaction.