3.5MM – NJ – Multifamily

Newark, New Jersey Multifamily

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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