Updated Oct 28, 2024
Investors Bank Provides $2.5M Refinance Loan For Maplewood Multifamily
12-22 Marie Place, Maplewood, NJ, USA
$2,500,000
$1,893/SF
Building Size
1,320 SF
Asset Type
MultiFamily
Closing
Jul 13, 2020
About this deal
AI
A multifamily property located at 12-22 Marie Place in Maplewood, NJ has recently undergone a refinancing transaction. The transaction took place on 07/13/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
The loan for this transaction was provided by Investors Bank. The landlord of the property is Stuart Wainberg, who is associated with Wainco Realty.
Frank Stanislaski and Gabby Cali from Progress Capital represented both parties involved in the deal as brokers.
The multifamily loan at 12-22 Marie Place, Maplewood, NJ, USA in Maplewood, New Jersey financed for $2.5M in 2020. The building is 1,320 square feet, implying about 1.9K per square foot on the published price. Frank Stanislaski, Gabby Cali, Stuart Wainberg, Progress Capital appear on the loan alongside Progress Capital. This page is the Maplewood, New Jersey file for the 12-22 Marie Place, Maplewood, NJ, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Maplewood sit in the Market section below. Filter that Maplewood multifamily set by closing date to see what else financed near 12-22 Marie Place, Maplewood, NJ, USA around 2020. Published consideration for 12-22 Marie Place, Maplewood, NJ, USA is $2.5M, dated 2020. Cite this Investors Bank Provides $2.5M Refinance Loan For Maplewood Multifamily loan when underwriting similar multifamily product around Maplewood, New Jersey.
Players
Maplewood 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93