Close Date:
June 5, 2026
38-Unit Multifamily in Newark, NJ
Loan Purpose:
Cash-Out Refinance
Asset Class:
Multi-Family
Loan Amount:
$5,450,000
Details
We are pleased to announce the successful closing and funding of a $5,450,000 cash-out refinance for 125 Lincoln Holdings LLC — a 38-unit multifamily property located at 119–127 Lincoln Avenue, Newark, NJ.
Garden Savings Federal Credit Union, along with participants, funded this transaction through the AVANA CUSO network — a partnership that stayed aligned through a series of conditions that tested the process from origination through close.
A Credit Union Partnership That Delivered
Garden Savings FCU brought the institutional commitment this transaction needed — staying aligned with AVANA CUSO through a closing process that required consistent coordination and follow-through from both teams.
Together, we worked through a specific set of conditions that had to be resolved before funding could proceed:
- Dual tenant SNDAs required to satisfy lender requirements
- Legacy UCC terminations resolved through careful title coordination
- Borrower entity and organizational documentation confirmed and filed in advance of closing
AVANA executed the wire on closing day in direct coordination with title. The deal funded on schedule.
What a Strong Partnership Makes Possible
This transaction is a concrete example of what the AVANA CUSO model is built for. Garden Savings FCU brought credit union flexibility and the commitment to see a deal through when the path shifted. AVANA CUSO provided the operational infrastructure — documentation management, closing coordination, and funding execution — that kept every condition organized and resolved.
The result wasn't just a closed deal. It was a demonstration of what credit unions can accomplish when they have the right partner.
ABOUT AVANA CUSO
A Member of the AVANA Companies Family
AVANA CUSO is an experienced credit union service organization focused on commercial real estate lending. Through end-to-end service and technology investment, we support credit unions by connecting them with commercial real estate entrepreneurs, brokers, and small business owners — expanding lending capacity without expanding overhead.
