Eli Beer Refinances Multifamily Property In Matawan With $5.25M Loan From Blue Bank
11 Fredwood Place
$5,250,000
$138/SF
Building Size
37,800 SF
Asset Type
MultiFamily
Closing
Mar 23, 2023
AI
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
Market 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93