New Haven Savings Bank Provides $3.6M Refinance Loan For Third Street Multifamily Property In Jersey City

The property involved in this transaction is a multifamily asset located on Third Street in Jersey City, NJ. The loan type for this transaction is a refinance, and it was closed on May 17, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,600,000
• Loan Terms: 12 Months Interest Only
• Lender: New Haven Savings Bank
• Broker: Kathy Anderson - Progress Capital

Kathy Anderson from Progress Capital represented the borrower in this deal, and the lender for this loan was New Haven Savings Bank. The loan amount for the refinance was $3,600,000, and the loan terms were set at 12 months of interest-only payments.