Dwight Capital Provides $41.8M Loan For Multifamily Property In Mt Holly, NJ
FINANCED
$41,800,000
New Jersey
See Similar DealsMultiFamily2,671 SF
Financed 07/14/2021
FINANCED
Dwight Capital Provides $41.8M Loan For Multifamily Property In Mt Holly, NJ
100 Kirby Ct, Mt Holly, NJ, USA
See Similar DealsMultiFamily2,671 SF
Financed 07/14/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$15,649
Total Square Footage:2,671 SF
Transaction Type:Loan
100 Kirby Ct, located in Mt Holly, NJ, has recently been involved in a closed transaction. This multifamily property, consisting of 232 units, was the subject of a financial deal.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $41,800,000
- Market: Mt Holly, NJ
The loan for this transaction was provided by Dwight Capital, with Adam Sasouness and Josh Sasouness representing the lender. The loan amount was $41,800,000. Additionally, Fernmoor Homes acted as the landlord in this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$41,800,000.00
Monthly NOI$278,666.67
Monthly Debt Service$264,204.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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