Northmarq NJ Arranges $16.9M Refinancing Loan For Edgewater Park Multifamily
FINANCED
$16,900,000
New Jersey
See Similar DealsMultiFamily
Financed 12/30/2021
FINANCED
Northmarq NJ Arranges $16.9M Refinancing Loan For Edgewater Park Multifamily
200 Delanco Rd, Edgewater Park Township, New Jersey 08010, United States
See Similar DealsMultiFamily
Financed 12/30/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,900,000.00
Monthly NOI$112,666.67
Monthly Debt Service$106,819.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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