LMF Commercial Provides $4.1 Million Refinance Loan For Mixed-Use Property In Jersey City
$4,100,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 3, 2025
AI
The asset involved in this transaction is a mixed-use property located in Jersey City, NJ, comprising a total of 12 units. It is associated with a refinance loan amount totaling $4,100,000, secured through LMF Commercial. The loan features a CMBS 5 Year term with a first time interest-only (FTIO) provision.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,100,000
- Loan Type: Refinance
- Loan Terms: CMBS 5 Year, FTIO
- Market: Jersey City, NJ
- Lender: LMF Commercial
- Loan Originator: Nihad Choudhury
- Units: 12
The loan was facilitated by Nihad Choudhury, representing LMF Commercial, marking a significant refinancing achievement in the Jersey City market for this mixed-use asset.
Players
Market 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93