Progress Capital Arranges $25M Refinance Loan For Multifamily Property In Gloucester City, NJ | 5 Meadow Lane | Peapack Gladstone Bank | Kathy Anderson | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

The multifamily property located at 5 Meadow Lane in Gloucester City, NJ has recently undergone a refinancing transaction. The property consists of 143 units, making it a significant asset in the market. The loan for this transaction was provided by Investor Savings Bank, with a loan amount of $25,000,000. The terms of the loan include a 7-year fixed rate.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $25,000,000
Address: 5 Meadow Lane, Gloucester City, NJ
Market: Gloucester City, NJ
Units: 143

The landlord of the property is Irv Cyzner, while the lender for the refinancing loan is Investor Savings Bank. The broker who facilitated the transaction is Kathy Anderson from Progress Capital.

Players

All
3

Agents
1
Agencies
1
Lenders
1

Kathy Anderson

Founding Partner

$99.2M Sold

Details

Deal Summary

FINANCED

IMAGE: Kathy Anderson DATE: 04/13/2022 ADDRESS: 5 Meadow Lane MARKET: Gloucester City, NJ ASSET TYPE: Multifamily ~ UNITS: 143 LANDLORD: Irv Cyzner LENDER: Investor Savings Bank BROKER: Kathy Anderson (@money.girl.kathy) – Progress Capital (@progress.capital) LOAN AMOUNT: $25,000,000 LOAN TYPE: Refinance LOAN TERMS: 7-year fixed rate loan

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Address5 Meadow Lane

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