FRKB Provides Legal Council in $9.92M Refinance of Hudson Co. Multifamily Portfolio

FRKB Provides Legal Council in $9.92M Refinance of Hudson Co. Multifamily Portfolio

WEST ORANGE, NJ—Feinstein, Raiss, Kelin & Booker LLC (FRKB) has coordinated the refinancing of a nine-property multifamily portfolio in Hudson County, N.J. Larry Raiss, managing partner, provided legal counsel on behalf of the property owner who secured $9.92 million in refinancing from Signature Bank.

“The owner purchased these properties as a package in 2009 and recognized that, with interest rates hovering near record lows, the timing is right to refinance the entire package,” said Raiss.

The nine-property package includes a total of 146 units spanning six buildings in West New York, two buildings in Union City and one building in North Bergen.

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