Marshall Weinerman Real Estate Acquires Vineland Multifamily Property For $4.1M Loan
FINANCED
$4,100,000
New Jersey
See Similar DealsMultiFamily
Financed 10/26/2022
FINANCED
Marshall Weinerman Real Estate Acquires Vineland Multifamily Property For $4.1M Loan
1890 South Lincoln Avenue, Vineland, New Jersey 08361, United States
See Similar DealsMultiFamily
Financed 10/26/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Loan
Located at 1890 S Lincoln Ave in Vineland, this multifamily property consists of 104 units. The transaction for this property took place on October 26, 2022. The asset is owned by Marshall Weinerman Real Estate.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Market: Vineland
- Units: 104
The brokers involved in this deal were Andrew Stewart, Dev Morris, and Allison Villamagna from Cronheim Mortgage. They represented the buyer in securing a permanent loan amounting to $4,100,000 for this property.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,100,000.00
Monthly NOI$27,333.33
Monthly Debt Service$25,914.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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