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38-Unit Multifamily in Newark, NJ
Newark, New Jersey
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.
Location
Cash-Out Refinance - $5,450,000
38-Unit Multifamily in Newark, NJ
119-127 Lincoln Avenue, Newark, NJ, USA
Loan Details
| Loan Amount | $5,450,000 |
| Loan Purpose | Cash-Out Refinance |
| Loan Type | Multi-Family |
| Project Date | June 5, 2026 |
More Details
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.