Updated Jun 23, 2025
Anthony R. Iervolino Of AI Capital Lending Closes $1.8M Debt Consolidation Loan For Teaneck Condos
$1,800,000
$276/SF
Building Size
6,520 SF
Asset Type
Condo
Closing
Jun 5, 2025
About this deal
AI
The asset involved in this transaction is a condo with a total square footage of 6,520 located in Teaneck County. The loan amount secured for this property transaction is $1,800,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,800,000
- Lender: Anthony R. Iervolino - AI Capital Lending
- Market: Teaneck
- Note from Lender: AI Capital Lending closed a debt consolidation loan for 8 condo units in Teaneck County.
Anthony R. Iervolino represents AI Capital Lending in this deal, facilitating the debt consolidation loan for the condo units involved in the transaction.
Market Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93