Arbor Commercial Mortgage Provides $12.5M Acquisition Loan For East Orange Multifamily
FINANCED
$12,500,000
New Jersey
See Similar DealsMultiFamily5,651,325 SF
Financed 11/05/2020
FINANCED
Arbor Commercial Mortgage Provides $12.5M Acquisition Loan For East Orange Multifamily
129 Halsted Street, East Orange, NJ, USA
See Similar DealsMultiFamily5,651,325 SF
Financed 11/05/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$2
Total Square Footage:5,651,325 SF
Transaction Type:Loan
Arbor Commercial Mortgage has provided a $12,500,000 acquisition loan for a multifamily property located at 129 Halstead Street in East Orange. The transaction took place on November 5, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,500,000
- Lender: Arbor Commercial Mortgage
- Broker: Brad Domenico - Progress Capital
- Market: East Orange
The loan facilitated the acquisition of the property, providing the necessary funds for the transaction. Brad Domenico from Progress Capital acted as the broker representing the buyer in the deal.
Players
BROKERAGE
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,500,000.00
Monthly NOI$83,333.33
Monthly Debt Service$79,008.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions