Lender Provident Bank Provides $31.5 Million Refinance Loan For Multifamily Asset In Trenton NJ
FINANCED
$31,500,000
+ 1
New Jersey
See Similar DealsMultiFamily194,350 SF
Financed
FINANCED
Lender Provident Bank Provides $31.5 Million Refinance Loan For Multifamily Asset In Trenton NJ
1 Zachary Lane Trenton, Nj
See Similar DealsMultiFamily194,350 SF
Financed
+ 1
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$162
Total Square Footage:194350 SF
Transaction Type:Loan
The property located at 1 Zachary Lane in Trenton, NJ, features a multifamily asset with a square footage of 194,350. This asset was involved in a refinance transaction amounting to $31,500,000 through Provident Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,500,000
- Lender: Provident Bank
- Landlord's Representative: Morris Betesh, Jacob Schmuckler, Morris Dabbah & Louis Halperin - Arrow Real Estate Advisors
This transaction was facilitated by a team of representatives from Arrow Real Estate Advisors, highlighting the involvement of Morris Betesh, Jacob Schmuckler, Morris Dabbah, and Louis Halperin, who played crucial roles in representing the landlord in this refinance deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,500,000.00
Monthly NOI$210,000.00
Monthly Debt Service$199,101.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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