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
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