Anthony Iervolino Of AI Capital Lending Closes $6.75M Loan For Bergen County Condo Portfolio
FINANCED
$6,750,000
New Jersey
See Similar DealsCondo
Financed 06/27/2025
FINANCED
Anthony Iervolino Of AI Capital Lending Closes $6.75M Loan For Bergen County Condo Portfolio
Condo
Financed 06/27/2025
Summary
NEW JERSEY
Asset Type:Condo
Transaction Type:Loan
A debt consolidation loan was closed on a 12-property portfolio consisting of 24 condo units located in Bergen County, NJ. The loan amount secured for this transaction was $6,750,000, categorized under repositioning. The market for this asset type is Bergen County.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,750,000
- Lender: Anthony Iervolino - AI Capital Lending
- Loan Type: Repositioning
Anthony Iervolino played a pivotal role in this transaction as the lender from AI Capital Lending, highlighting the firm's involvement in facilitating financial support for the portfolio of condo units.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,750,000.00
Monthly NOI$45,000.00
Monthly Debt Service$42,664.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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