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
Building Size
—
Asset Type
MultiFamily
Closing
Dec 30, 2021
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.
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