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Concordia Properties Obtains $97.5M Bridge Loan For Multifamily Portfolio In DE, NJ, And PA

3400 Miller Road, 309 West Brooke Avenue, #A2, 95 Heights Lane, 400 East Street Road & 387 Plaza Boulevard
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This MultiFamily property located in DE received a loan of $97,450,000 about 2 years ago. The broker of the deal was Steven Vegh

The multifamily property located at 3400 Miller Road, 309 West Brooke Avenue, 95 Heights Lane, 400 East Street Road, and 387 Plaza Boulevard has been involved in a closed transaction. The property encompasses a total of 630,000 square feet and consists of 636 units. It is situated in the markets of Wilmington, DE, Magnolia, NJ, Feasterville, and Morrisville, PA.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $97,450,000
  • Loan Type: Bridge Loan

The transaction was facilitated by Concordia Properties as the landlord. The broker representing the deal was Steven Vegh from Westwood Realty Associates.

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Deals
  • Location
    3400 Miller Road, Wilmington, Delaware 19802, United States3400 Miller Road, Wilmington, Delaware 19802, United States
  • Loan Value
    $97,450,000$97,450,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker1 Broker

Agent

Steven Vegh

Steven Vegh

Deals62
Financed$1.1B

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Deal Summary

LOAN IMAGE: Steven Vegh DATE: 02/17/2022 ADDRESS: 3400 Miller Road, 309 West Brooke Avenue, , 95 Heights Lane, 400 East Street Road & 387 Plaza Boulevard MARKET: Wilmington, DE, Magnolia, NJ, Feasterville, Morrisville, PA ASSET TYPE: Multifamily ~ SF: 630,000 ~ UNITS: 636 LANDLORD: Concordia Properties BROKER: Steven Vegh (@StevenVegh) - Westwood Realty Associates LOAN AMOUNT: $97,450,000 LOAN TYPE: Bridge Loan

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3400 Miller Road, 309 West Brooke Avenue, #A2, 95 Heights Lane, 400 East Street Road & 387 Plaza Boulevard

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