Realty Capital Finance Provides $1.125M Acquisition Loan For Mixed-Use Property In Newark, NJ

661 South 18th Street

Mixed-use

6,744 SF

Financed 1 year ago

Summary

Loan

NEW JERSEY

Mixed-use

6,744 sqft

The mixed-use property located at 661 S. 18th St. in Newark, NJ has been involved in a closed transaction. The property spans a total square footage of 6,744 and is situated in the Newark market.

Summary of Transaction Details:

Property Type: Mixed-use
Transaction Amount: $1,125,000
Loan Type: Acquisition
Loan Terms: 75% LTV, 12 Months, 9% IO

The lender for this closed transaction was Realty Capital Finance, represented by Mark Safrin, Heshy Safrin, and Mo Weinberg. They provided a loan amount of $1,125,000 for the acquisition of the property.

Players

All
1

Lenders
1

Realty Capital Finance

Details

Deal Summary

FINANCED

IMAGE: Mark Safrin, Heshy Safrin & Mo Weinberg DATE: 06/07/2022 ADDRESS: 661 S. 18th St. MARKET: Newark, NJ ASSET TYPE: Mixed-use ~ SF: 6,744 LENDER: Realty Capital Finance - Mark Safrin, Heshy Safrin & Mo Weinberg LOAN AMOUNT: $1,125,000 LOAN TYPE: Acquisition LOAN TERMS: 75% LTV 12 Months 9% IO

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Address661 South 18th Street

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