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.
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