Anthony R. Iervolino Of AI Capital Lending Closes $1.8M Debt Consolidation Loan For Teaneck Condos
FINANCED
$1,800,000
New Jersey
See Similar DealsCondo6,520 SF
Financed 06/06/2025
FINANCED
Anthony R. Iervolino Of AI Capital Lending Closes $1.8M Debt Consolidation Loan For Teaneck Condos
Condo6,520 SF
Financed 06/06/2025
Summary
NEW JERSEY
Asset Type:Condo
Price Per Square Foot:$276
Total Square Footage:6,520 SF
Transaction Type:Loan
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.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,800,000.00
Monthly NOI$12,000.00
Monthly Debt Service$11,377.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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