Kearny Bank Refis Multifamily Portfolio With M Loan
SEB Realty has locked down a $78.5 million loan to refinance a portfolio of 12 multifamily properties in New Jersey and the Bronx. Kearny Bank pro...
SEB Realty has locked down a $78.5 million loan to refinance a portfolio of 12 multifamily properties in New Jersey and the Bronx. Kearny Bank provided the 10-year loan, which has a fixed 4.25 percent interest rate. Eastern Union brokered the deal with a team led by Alex Jaffa, and announced the deal Monday. 'Leveraging our understanding of the lending marketplace, Eastern Union successfully secured highly competitive rates for one of our long-standing clients,' Jaffa said in prepared remarks. 'This expansive portfolio transaction illustrates the way a top-performing brokerage can demonstrate value in today's challenging financial climate.