Realty Capital Finance Provides $1.125M Acquisition Loan For Mixed-Use Property In Newark, NJ
FINANCED
$1,125,000
New Jersey
See Similar DealsMixed-use6,744 SF
Financed 06/07/2022
FINANCED
Realty Capital Finance Provides $1.125M Acquisition Loan For Mixed-Use Property In Newark, NJ
661 South 18th Street, Newark, New Jersey 07103, United States
See Similar DealsMixed-use6,744 SF
Financed 06/07/2022
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$166
Total Square Footage:6,744 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,125,000.00
Monthly NOI$7,500.00
Monthly Debt Service$7,110.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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