Lender Provident Bank Provides $31.5 Million Refinance Loan For Multifamily Asset In Trenton NJ
1 Zachary Lane Trenton, Nj
$31,500,000
$162/SF
Building Size
194,350 SF
Asset Type
MultiFamily
Closing
Dec 7, 2025
AI
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
Trenton 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93