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600 Campus Town Dr, Ewing, ...

The PRC Group Gets $88.4M Loan For Mixed-Use Property In Ewing, NJ
FINANCEDMixed-use

The PRC Group Gets $88.4M Loan For Mixed-Use Property In Ewing, NJ

600 Campus Town Dr, Ewing, New Jersey 08638, United States

$88,370,000

Building Size

Asset Type

Mixed-use

Closing

Jan 23, 2023

AI

The mixed-use property located at 600 Campus Town Dr in Ewing, NJ recently closed a transaction. The property consists of 184 units and is owned by The PRC Group. The loan amount for this transaction was $88,370,000.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $88,370,000
  • Address: 600 Campus Town Dr, Ewing, NJ
  • Market: Ewing, NJ

The transaction was facilitated by brokers from Walker & Dunlop, namely John Banas, Kristopher Wood, Christopher Philipps, Rhett Saltiel, Erik DiGirolamo, and Sean Bailey. They represented the parties involved in the deal.

Players

John Banas

NorthMarq

Broker

$320.3M

vol

6 deals

Broker

Ewing Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93