Cervelli Real Estate helps client with a multi property, multi mortgage collateral swap
Cervelli Real Estate & Property Management announces the trade of 19 units in Jersey City to help owner achieve a complete collateral swap in order to retain the favorable loan terms. The owner, a longtime client and developer in Jersey City was looking to reduce operating costs and consolidate his holdings into a more central geographical location. The disposed properties included multi-family properties on Atlantic Avenue, Ocean Avenue and Fulton Street. The Replacement collateral was located at 424 Monmouth Street.
Headquartered in North Bergen, New Jersey, Cervelli Real Estate & Property Management was founded in 1983 and is recognized as one of the state’s most experienced specialists in commercial investment real estate and property management. Aimed at providing professional brokerage services to private investors and financial institutions involved in income producing multi-family properties and shopping centers, Cervelli offers comprehensive research-driven transaction solutions. The Cervelli team provides professional property and facility management services to a wide range of clients such as state institutions, condominium associations and private owners. Cervelli takes pride in upholding an undisputed reputation built on honesty, integrity, and experience in the investment real estate industry.