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400 Pulaski Highway

Central Management Secures $16.35 Million Acquisition Loan From Fannie Mae For Multifamily Asset In Delaware
FINANCEDMultiFamily

Central Management Secures $16.35 Million Acquisition Loan From Fannie Mae For Multifamily Asset In Delaware

$16,350,000

$16,350,000/SF

Building Size

1 SF

Asset Type

MultiFamily

Closing

May 26, 2025

AI

The asset involved in this transaction is a multifamily property consisting of 129 units located in Delaware. The acquisition loan was secured for a total amount of $16,350,000 from Fannie Mae. Central Management is the landlord of this property.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $16,350,000
  • Lender: Fannie Mae
  • Landlord: Central Management
  • Landlord's Representative: Eli Serebrowski & Meir Schlusselberg - Arrow Real Estate Advisors
  • Loan Type: Acquisition

Eli Serebrowski and Meir Schlusselberg represented Central Management in this transaction through their agency, Arrow Real Estate Advisors. Their role highlights the professional guidance provided during the acquisition process.

Players

Meir Schlusselberg

Arrow Real Estate Advisors

Broker

$511.7M

vol

27 deals

Broker
Fannie Mae
Fannie MaeLender

New Castle MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.97%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93