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180 Franklin Corner Road

David Cohen Of Meridian Capital Group Secures $31.27 Million Refinance For South Jersey Multifamily Portfolio
FINANCEDMultiFamily

David Cohen Of Meridian Capital Group Secures $31.27 Million Refinance For South Jersey Multifamily Portfolio

$15,790,000

$109/SF

Building Size

143,760 SF

Asset Type

MultiFamily

Closing

Dec 20, 2024

AI

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:

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

David Cohen

Meridian Capital Group

Broker

$275.1M

vol

8 deals

Broker

Lawrence Township 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

1.00%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93