680 unit multifamily refinance in Newark, NJ

 

Workforce housing in two building complex

 

  • $26,000,000
  • Floating rate 5 year loan to complete rehab program
  • Designed by esteemed architect¬†Mies van der Rohe
  • Property requiring significant capital expenditures and environmental cleanup
  • Constructed in 1960 and had fallen into disrepair due to inner-city crime
  • Funded by Freddie Mac