Dwight Capital Provides $41.8M Loan For Multifamily Property In Mt Holly, NJ
100 Kirby Ct, Mt Holly, NJ, USA
$41,800,000
$15,649/SF
Building Size
2,671 SF
Asset Type
MultiFamily
Closing
Jul 13, 2021
AI
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.
Players
Westampton 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93