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3.5MM – NJ – Multifamily

Newark, NJ

Transaction Summary

$3,478,000

  • Area Newark, NJ
  • Property Type 12 Unit Multifamily Building
  • Loan Type Specialty Finance
The sponsor requested an approx. 30 day closing due to loan maturity issues on the current bridge loan coupon.  LFCP was able to execute this time sensitive request via our specialty finance partners on a loan at 6.81%, 30yr amortization w/ an initial 1yr interest only period.

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