Updated Oct 12, 2026
Anthony Iervolino Of AI Capital Lending Closes $6.75M Loan For Bergen County Condo Portfolio
$6,750,000
Building Size
—
Asset Type
Condo
Closing
Jun 26, 2025
About this deal
AI
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.
Players
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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93