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Hekemian & Co., Inc. Refinances Multifamily Property In Hackensack For $78M

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FINANCED
$78,000,000
Gerard Quinn
Thomas (Tom) Didio
Thomas E. Didio, Jr

New Jersey

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MultiFamily
Financed 05/02/2022
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Property Image
FINANCED

Hekemian & Co., Inc. Refinances Multifamily Property In Hackensack For $78M

18 East Camden Street, Hackensack, New Jersey 07601, United States

See Similar Deals
MultiFamily
Financed 05/02/2022
Gerard Quinn
Thomas (Tom) Didio
Thomas E. Didio, Jr
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Loan

Located at 18 E Camden St in Hackensack, this multifamily property consists of 254 units. The property was recently involved in a loan transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Loan Amount: $78,000,000
  • Loan Type: Refinance

The loan for this transaction was provided by New York Life Real Estate Investors. The landlord of the property is Brickyard Urban Renewal, LLC, an affiliate of Hekemian & Co., Inc. The deal was facilitated by brokers Thomas Didio, Thomas E. Didio, Jr., & Gerard Quinn from JLL.

Players

Thomas E. Didio, Jr
JLL
Thomas E. Didio, Jr
43 deals$2.9B volume
BROKER
Thomas (Tom) Didio
JLL
Thomas Didio
27 deals$2.6B volume
BROKER
Gerard Quinn
JLL
Gerard Quinn
31 deals$2.2B volume(973) 549-2045
BROKER
New York Life
New York Life
LENDER
HI
Hekemian & Co., Inc.
LANDLORD

Details

FINANCED
IMAGE: Thomas Didio, Thomas E. Didio, Jr., & Gerard Quinn DATE: 05/02/2022 ADDRESS: 18 E Camden St MARKET: Hackensack ASSET TYPE: Multifamily ~ UNITS: 254 LENDER: New York Life Real Estate Investors LANDLORD: Brickyard Urban Renewal, LLC, an affiliate of Hekemian & Co., Inc. BROKERS: Thomas Didio, Thomas E. Didio, Jr., & Gerard Quinn - JLL LOAN AMOUNT: $78,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$78,000,000.00

Monthly NOI$520,000.00
Monthly Debt Service$493,013.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00