The PRC Group Gets $88.4M Loan For Mixed-Use Property In Ewing, NJ
FINANCED
$88,370,000
+ 1
New Jersey
See Similar DealsMixed-use
Financed 01/23/2023
FINANCED
The PRC Group Gets $88.4M Loan For Mixed-Use Property In Ewing, NJ
600 Campus Town Dr, Ewing, New Jersey 08638, United States
See Similar DealsMixed-use
Financed 01/23/2023
+ 1
Summary
NEW JERSEY
Asset Type:Mixed-use
Transaction Type:Loan
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
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$88,370,000.00
Monthly NOI$589,133.33
Monthly Debt Service$558,558.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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