Onewall Partners Secures $34.1M Loan For Multifamily Property In Rahway
1 Park Square, Rahway, NJ, USA
$34,125,000
$736/SF
Building Size
46,348 SF
Asset Type
MultiFamily
Closing
Jan 19, 2021
AI
Onewall Partners has closed on a $34,125,000 loan for a multifamily property located at 1 Park Square in Rahway. The loan was provided by Capital One with a fixed rate of 3% for 10 years, with 4 years of interest-only payments.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $34,125,000
- Lender: Capital One
- Landlord: Onewall Partners
- Broker: Nate Lowy
This transaction marks an important milestone for Onewall Partners, as they secure financing for the acquisition of the multifamily property at 1 Park Square in Rahway. With a loan amount of $34,125,000 from Capital One, Onewall Partners can proceed with their investment strategy in the Rahway market.
Players
Rahway MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93