FINANCED
Realty Capital Finance LLC Provides $1.4M Loan For Multifamily Acquisition In Newark, NJ
158 Clinton Place
MultiFamily
9,000 SF
9,000 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
MultiFamily
9,000 sqft
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.
Players
All
1
Lenders
1
Details
FINANCED
IMAGE: Mark Safrin, Heshy Safrin & Mo Weinberg
DATE: 06/17/2022
ADDRESS: 158 Clinton Pl.
MARKET: Newark, NJ
ASSET TYPE: Multifamily ~ SF: 9,000 ~ UNITS: 7
LENDER: Realty Capital Finance LLC - Mark Safrin, Heshy Safrin & Mo Weinberg
LOAN AMOUNT: $1,425,000
LOAN TYPE: Acquisition
LOAN TERMS: 75% LTV 12 Months 9% IOView on map
Loading...
Address158 Clinton Place
Comparables
Reset filters to show results.