38-Unit Multifamily in Newark, NJ

http://Historic%20brick%20apartment%20building%20with%20a%20green%20roof,%20featuring%20multiple%20windows%20and%20an%20inviting%20entrance.

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.

Loan Amount:

$5,450,000

Location:

Newark, NJ

CU Partner

Garden Savings Federal CU

Property Type:

Multifamily

Loan Purpose:

Cash-Out Refinance

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

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.

A Member of AVANA Companies Family