David Cohen Of Meridian Capital Group Secures $31.27 Million Refinance For South Jersey Multifamily Portfolio
FINANCED
$15,790,000
New Jersey
See Similar DealsMultiFamily143,760 SF
Financed 12/20/2024
FINANCED
David Cohen Of Meridian Capital Group Secures $31.27 Million Refinance For South Jersey Multifamily Portfolio
MultiFamily143,760 SF
Financed 12/20/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$109
Total Square Footage:143,760 SF
Transaction Type:Loan
The asset involved in this transaction is a South Jersey Multifamily Portfolio comprising 368 units. It is located in the New Jersey market and is associated with a refinance loan amount of $31,265,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $31,265,000
- Units: 368
- Loan Type: Refinance
- Date: 12/20/2024
- Broker: David Cohen - Meridian Capital Group
- Market: New Jersey
David Cohen from Meridian Capital Group represents the refinance transaction for the South Jersey Multifamily Portfolio. This transaction contributes to the ongoing dynamics of the multifamily segment within the New Jersey market.
Players
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
$15,790,000.00
Monthly NOI$105,266.67
Monthly Debt Service$99,803.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions