Montgomery Apartments

$1,175,000 Multifamily Loan from Life Insurance Company

City: Elizabeth, NJ

Loan amount: $1,175,000

Lender type: Life Insurance Company

Property type: Multifamily

Size: Six Units

Transaction description

Matthew Farzinpour secured $1.175 million in refinancing for a three-story multifamily property located in Elizabeth, New Jersey, which the borrower recently renovated. Utilizing a correspondent life insurance company relationship, PSRS structured a capital solution featuring a 65% LTV, a seven-year term, and a 30-year amortization schedule.