Updated Sep 2, 2025
The Bedrin Organization Secures $33M Refinance Loan For Multifamily Complex In Hawthorne
204 Wagaraw Road
$33,000,000
Units
118
Asset Type
MultiFamily
Closing
Aug 22, 2025
About this deal
AI
The asset involved in this transaction is a multifamily property located at 204 Wagaraw Road, Hawthorne. The property features 118 apartment units along with 16,400 square feet of retail space. The refinancing loan for this property was arranged for a total of $33,000,000 at a fixed interest rate of 5.82%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $33,000,000
- Loan Type: Refinance
- Address: 204 Wagaraw Road
- Market: Hawthorne
- Landlord: The Bedrin Organization
- Brokers: Brandon Szwalbenest, Dev Morris & Andrew Stewart - Cronheim Mortgage
Brandon Szwalbenest, Dev Morris, and Andrew Stewart represented The Bedrin Organization in this refinancing deal. The direct lender involved in the transaction remains undisclosed.
On the Map
$33,000,000
MultiFamily
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Players
Hawthorne 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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93