LMF Commercial Provides $4.1 Million Refinance Loan For Mixed-Use Property In Jersey City
FINANCED
$4,100,000
New Jersey
See Similar DealsMixed-use
Financed 08/03/2025
FINANCED
LMF Commercial Provides $4.1 Million Refinance Loan For Mixed-Use Property In Jersey City
Mixed-use
Financed 08/03/2025
Summary
Asset Type:Mixed-use
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,100,000.00
Monthly NOI$27,333.33
Monthly Debt Service$25,914.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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