Verus Commercial Real Estate Finance Provides $13.3M Bridge Loan For North Arlington Multifamily Property | 77 Ridge Road | Verus CREF | Robert Ranieri | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

7,799 sqft

Located at 77 Ridge Rd in North Arlington, NJ, this closed transaction involved a multifamily property. The deal was finalized on August 16, 2021.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $13,275,000
Address: 77 Ridge Rd, North Arlington, NJ
Market: North Arlington, NJ

The lender in this transaction was Verus Commercial Real Estate Finance (VCREF), represented by Ken Wood. Robert Ranieri from NorthMarq acted as the broker.

This two-year bridge loan involved a total of 49 units within the property.

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Players

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3

Agents
1
Agencies
1
Lenders
1

Robert Ranieri

Managing Director

Details

Deal Summary

FINANCED

IMAGE: Robert Ranieri DATE: 08/16/2021 ADDRESS: 77 Ridge Rd MARKET: North Arlington, NJ ASSET TYPE: Multifamily LENDER: Verus Commercial Real Estate Finance (VCREF) - Ken Wood BROKER: Robert Ranieri - NorthMarq LOAN AMOUNT: $13,275,000 LOAN TERMS: two-year term LOAN TYPE: Bridge UNITS: 49

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Address77 Ridge Road

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