BridgeInvest Closes a $60 MM Loan in Newark, NJ

Loan Amount

$60,000,000

Property Type

Multifamily

Location

Newark, NJ

BridgeInvest is pleased to announce the closing of a $60 million refinancing loan for Cosmo 440, a fully redeveloped Class A multifamily property located in the Weequahic neighborhood of Newark, NJ.

Transaction Highlights:

Construction completion of a high-end residential tower
Strategically located in a growing Newark submarket
Flexible earnout structure
Quick closing timeline

Other Transactions

Refinance

$60.0 MM

Note-on-Note Financing

$30.25 MM

Acquisition

$77.66 MM

Acquisition

$30.25 MM

Refinance

$19.5 MM

Refinance

$15.7 MM

Refinance

$27.25 MM

Acquisition

$66.0 MM

Acquisition

$24.5 MM

Refinance

$30.0 MM

Refinance

$54.3 MM

Construction

$20.0 MM

Refinance & Development

$37.7 MM

Refinance & Construction

$35.0 MM

Acquisition

$34.5 MM

Acquisition and Renovation

$55.5 MM

Refinance

$10.6 MM

Acquisition and Rehab

$15.0 MM

Refinance

$14.0 MM

Acquisition

$19.75 MM

Refinance

$13.25 MM

Construction

$29.0 MM

Refinance

$42.0 MM

Construction

$25.0 MM

Construction

$29.05 MM

Acquisition

$16.5 MM

Refinance

$24.0 MM

Construction

$50.0 MM

Refinance

$30.0 MM

Acquisition & Renovation

$30.5 MM

Acquisition

$12.5 MM

Refinance

$11.5 MM

Acquisition

$21.2 MM

Refinance

$24.0 MM

Acquisition

$7.85 MM

Acquisition

$16.5 MM

Acquisition

$8.0 MM

Acquisition

$23.8 MM

Acquisition

$11.25 MM

Refinance & Pre-Development

$35.0 MM

Renovation

$35.0 MM

Refinance

$8.2 MM

Refinance

$27.0 MM

Renovation

$75.0 MM

Value-Add

$23.0 MM

Construction

$35.0 MM

Construction

$63.5 MM

Construction

$8.1 MM

Acquisition

$2.9 MM

Acquisition

$7.6 MM

Cash-out

$6.5 MM

Construction

$12.0 MM

Refinance

$14.3 MM

Renovation

$5.7 MM

Acquisition

$5.4 MM

Refinance

$3.5 MM

Acquisition

$8.5 MM

Construction

$11.0 MM

Refinance & Pre-Development

$43.0 MM

Acquisition

$6.0 MM

Refinance & Pre-Development

$15.0 MM

Refinance & Pre-Development

$4.0 MM

Refinance

$5.5 MM

Refinance

$9.5 MM

Acquisition

$12.0 MM

Cash-out

$10.8 MM

Acquisition

$8.5 MM

Cash-out

$4.5 MM

Refinance & Buildout

$9.5 MM

Construction

$55.0 MM

Refinance & Construction

$10.4 MM

Refinance & Improvement

$12.3 MM

Construction

$36.0 MM

Acquisition & Renovation

$6.8 MM

Construction Completion

$25.0 MM

Construction Completion

$8.0 MM

Cash-out

$10.0 MM

Refinance & Predevelopment

$25.0 MM

Refinance & Pre-Development

$33.0 MM

Construction

$24.3 MM

Acquisition & Renovation

$5.2 MM

Acquisition & Construction

$11.5 MM

Acquisition

$2.2 MM

Refinance & Improvement

$28.0 MM

Construction

$40.0 MM

Acquisition

$6.0 MM

Refinance & Rehab

$14.0 MM

Refinance

$11.0 MM

Refinance

$5.5 MM

Acquisition

$11.24 MM

Cash-out

$8.0 MM

Construction

$4.65 MM

Refinance & Renovation

$7.0 MM

Cash-out

$2.2 MM

Construction

$16.0 MM

Refinance

$14.5 MM

Refinance

$3.0 MM

Acquisition

$8.0 MM

Refinance

$3.6 MM

Construction

$3.0 MM

Acquisition

$1.75 MM

Refinance

$9.0 MM

Acquisition & Renovation

$2.3 MM

Cash-Out

$1.5 MM

Acquisition

$29.5 MM

Acquisition

$4.0 MM

Acquisition & Renovation

$2.0 MM

Acquisition & Renovation

$1.1 MM

Cash-Out

$3.0 MM

Acquisition

$23.0 MM

Acquisition

$2.5 MM

Acquisition

$3.1 MM

Refinance

$36.5 MM

Acquisition

$20 MM

Acquisition

$3.7 MM

Acquisition

$3.5 MM