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Short-Term Bridge Loan in Passaic, NJ


The Sponsor was looking for a Bridge Refinance on the property with additional proceeds to be utilized towards the conversion of the second and third floors into 20 apartment units.


Verus Commercial Real Estate Finance was able to provide a 12-month bridge loan with proceeds allocated towards the renovation of the second and third floors.

  • Location: Passaic, NJ
  • Property Type: Retail/Multifamily
  • Loan Type: First Mortgage
  • Loan Program: Short-Term Bridge Loan
  • Amount: $2,950,000

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