New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
BridgeInvest Provides $35M Loan for NJ MF Acquisition
BridgeInvest, a national real estate lender, has finalized a $34.5 million loan for The Birch Group’s acquisition of The Pennington in Passaic, NJ. The property, previously St. Mary’s Hospital, has been transformed into a 147-unit multifamily complex, offering renovated apartments to the community.
Situated at 119-231 Pennington Ave on 3.56 acres, The Pennington has access to major roads and the Passaic NJ Transit stop. The property features amenities including a community room, children’s playroom, and separate gyms for men and women.
- ◦Financing
