Updated Dec 21, 2023
Northmarq NJ Arranges $16.9M Refinancing Loan For Edgewater Park Multifamily
200 Delanco Rd, Edgewater Park Township, New Jersey 08010, United States
$16,900,000
Units
296
Asset Type
MultiFamily
Closing
Dec 30, 2021
About this deal
AI
The multifamily property located at 200 Delanco Rd in Edgewater Park, was recently involved in a closed transaction. The property consists of 296 units and is situated in the Edgewater Park market.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $16,900,000
- Loan Type: Refinancing Loan
- Broker: Gary Cohen - Northmarq NJ
Gary Cohen from Northmarq NJ represented the parties involved in this transaction. The loan amount for the refinancing loan was $16,900,000.
The multifamily loan at 200 Delanco Rd, Edgewater Park Township, New Jersey 08010, United States in Beverly, New Jersey financed for $16.9M in 2021. Reported inventory is 296 units across 296 units. Gary Cohen, NorthMarq appear on the loan alongside NorthMarq. This page is the Beverly, New Jersey file for the 200 Delanco Rd, Edgewater Park Township, New Jersey 08010, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Beverly sit in the Market section below. Filter that Beverly multifamily set by closing date to see what else financed near 200 Delanco Rd, Edgewater Park Township, New Jersey 08010, United States around 2021. Published consideration for 200 Delanco Rd, Edgewater Park Township, New Jersey 08010, United States is $16.9M, dated 2021. Cite this Northmarq NJ Arranges $16.9M Refinancing Loan For Edgewater Park Multifamily loan when underwriting similar multifamily product around Beverly, New Jersey.
Players
Beverly 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93