Joseph Belgiovine Of Providence Real Estate Advisors Secures $46.5M Construction Loan For Mixed-Use Asset In Roselle
1101 East Saint Georges Avenue
$46,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Dec 14, 2025
AI
The property asset involved in the transaction is a mixed-use building located at 1101 East Saint Georges Avenue in Roselle, comprising a total of 195 units. This asset has secured a construction loan amounting to $46,500,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $46,500,000
- Loan Type: Construction
- Market: Roselle
- Broker: Joseph Belgiovine - Providence Real Estate Advisors
Joseph Belgiovine from Providence Real Estate Advisors acted as the broker in this transaction, representing the loan process for the property, which includes various residential and commercial units within the mixed-use development.
Players
Roselle 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93