Ease Capital Closes $32 Million Bridge-Off-Construction Loan to The Station in West New York, NJ
Ease Capital (“Ease”) has provided AIRN Management (“AIRN”) with $32 million in construction takeout financing for the lease up and stabilization of The Station Apartments, a 97-unit 10-story multifamily property located in West New York, NJ.
- Ease Capital (“Ease”) has provided AIRN Management (“AIRN”) with $32 million in construction takeout financing for the lease up and stabilization of The Station Apartments, a 97-unit 10-story multifamily property located in West New York, NJ.
- “We are extremely pleased with the performance of the Station and excited about our partnership with Ease Capital,” said Rick Budd, Chief Executive Officer of AIRN Management.
- Ease provides borrowers flexible financing solutions from $5 million to $50+ million on multifamily and mixed-use multifamily assets across the country.
- Ease offers a range of floating rate loan products including bridge, bridge-to-permanent, and permanent financing solutions for stabilized or near stabilized assets.