Updated Mar 11, 2025
DBG Gamma Investments LLC Secures $5M Loan From Colliers Mortgage For Lake Shore Drive Multifamily
1355 Lake Shore Dr, Camden, NJ 08104, USA
$5,000,000
$3,105/SF
Building Size
1,610 SF
Asset Type
MultiFamily
Closing
Nov 10, 2020
About this deal
AI
DBG Gamma Investments LLC has closed a transaction for a multifamily property located at 1355 Lake Shore Drive in Camden. The property consists of 80 units and was financed by Colliers Mortgage with a loan amount of $5,000,000. The terms of the loan are set for a duration of 10 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Address: 1355 Lake Shore Drive
- Market: Camden
- Lender: Colliers Mortgage
- Landlord: DBG Gamma Investments LLC
- Units: 80
Further details regarding the individuals and companies involved in the deal were not provided.
Players
Camden 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93