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Eli Beer Refinances Multifamily Property In Matawan With $5.25M Loan From Blue Bank

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FINANCED
$5,250,000

New Jersey

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MultiFamily37,800 SF
Financed 03/23/2023
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Property Image
FINANCED

Eli Beer Refinances Multifamily Property In Matawan With $5.25M Loan From Blue Bank

11 Fredwood Place

See Similar Deals
MultiFamily37,800 SF
Financed 03/23/2023
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$138
Total Square Footage:37,800 SF
Transaction Type:Loan

A multifamily property located at 11 Fredwood Place in Matawan has recently undergone a refinancing transaction. The property consists of 47 units and spans approximately 37,800 square feet.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $5,250,000
  • Address: 11 Fredwood Place
  • Market: Matawan
  • Units: 47
  • Square Footage: 37,800

The loan for this transaction was provided by Blue Bank. Eli Beer is the landlord of the property. The broker representing the transaction is Elya Kahn from GreenRock Funding LLC.

Players

EK
Greenrock Funding
Elya Kahn
12 deals$243.1M volume(718) 599-0519
BROKER
BB
Blue Bank
LENDER

Details

FINANCED
IMAGE: 03/23/2023 ADDRESS: 11 Fredwood Place MARKET: Matawan ASSET TYPE: Multifamily ~ UNITS: 47 ~ SF: 37,800 LENDER: Blue Bank LANDLORD: Eli Beer BROKER: Elya Kahn - GreenRock Funding LLC LOAN AMOUNT: $5,250,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,250,000.00

Monthly NOI$35,000.00
Monthly Debt Service$33,183.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00