Realty Capital Finance LLC Provides $1.4M Loan For Multifamily Acquisition In Newark, NJ

158 Clinton Place, Newark, New Jersey 07112, United States

$1,425,000

$158/SF

Building Size

9,000 SF

Asset Type

MultiFamily

Closing

Jun 16, 2022

AI

The multifamily property located at 158 Clinton Pl. in Newark, NJ has recently been involved in a closed transaction. The property spans approximately 9,000 square feet and consists of 7 units. The transaction took place on June 17, 2022.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $1,425,000
Market: Newark, NJ
Loan Type: Acquisition
Loan Terms: 75% LTV, 12 Months, 9% IO

The loan for this transaction was provided by Realty Capital Finance LLC, represented by Mark Safrin, Heshy Safrin, and Mo Weinberg. The loan amount for the acquisition of the property was $1,425,000. The loan terms include a 75% loan-to-value ratio and a 12-month term with 9% interest-only payments.

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