Anthony Iervolino Of AI Capital Lending Closes $3.6M Construction Loan For Multifamily In Bergen County
FINANCED
$3,600,000
New Jersey
See Similar DealsMultiFamily27,500 SF
Financed 06/06/2025
FINANCED
Anthony Iervolino Of AI Capital Lending Closes $3.6M Construction Loan For Multifamily In Bergen County
MultiFamily27,500 SF
Financed 06/06/2025
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$130
Total Square Footage:27,500 SF
Transaction Type:Loan
A multifamily property located in Bergen County, NJ has been financed with a first mortgage ground-up construction loan. The asset encompasses 31 units and 26 parking spaces, with a total square footage of 27,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Loan Type: Construction
- Lender: Anthony Iervolino - AI Capital Lending
Anthony Iervolino serves as the lender for this transaction, representing AI Capital Lending in the financing deal for the construction of the multifamily property.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,600,000.00
Monthly NOI$24,000.00
Monthly Debt Service$22,754.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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