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Jonathan Zarka Refinances Norwalk, CT Multifamily Property With $3.02M Loan From Kearny Bank

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FINANCED
$3,020,000

Connecticut

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MultiFamily8,700 SF
Financed 02/16/2024
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Property Image
FINANCED

Jonathan Zarka Refinances Norwalk, CT Multifamily Property With $3.02M Loan From Kearny Bank

107 South Main Street

See Similar Deals
MultiFamily8,700 SF
Financed 02/16/2024
the dealplayerscompscontact
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Summary

CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$347
Total Square Footage:8,700 SF
Transaction Type:Loan

The multifamily property located at 107 South Main Street in Norwalk, CT spans 8,700 square feet and comprises 16 units. Jonathan Zarka is the landlord of this property, and the loan for this asset was provided by Kearny Bank in the amount of $3,020,000. The loan type for this transaction was a refinance.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,020,000
  • Address: 107 South Main Street, Norwalk, CT
  • Market: Norwalk, CT
  • Landlord: Jonathan Zarka
  • Lender: Kearny Bank
  • Square Footage: 8,700
  • Units: 16

Lightrock Management, represented by Jonathan Zarka, is actively searching for value-add and development opportunities in New Jersey, Connecticut, and Pennsylvania. They are also looking to grow their investor base. For acquisition opportunities or investment inquiries, interested parties can reach out to [email protected].

Players

Kearny Bank
Kearny Bank
LENDER

Details

FINANCED
IMAGE: Jonathan Zarka DATE: 02/16/2024 ADDRESS: 107 South Main Street MARKET: Norwalk, CT ASSET TYPE: Multifamily ~ SF: 8,700 ~ UNITS: 16 LANDLORD: Jonathan Zarka (@Jonathan_Zarka) LENDER: Kearny Bank LOAN AMOUNT: $3,020,000 LOAN TYPE: Refinance NOTE FROM LANDLORD: Lightrock Management is actively seeking value add and development opportunities throughout NJ, CT, and PA. We are also actively looking to expand our investor base. Please contact [email protected] with acquisition opportunities or if you are looking to invest.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,020,000.00

Monthly NOI$20,133.33
Monthly Debt Service$19,088.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00