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Loan · MultiFamily

Anthony Iervolino Of AI Capital Lending Closes $3.6M Construction Loan For Multifamily In Bergen County
FINANCEDMultiFamily

Anthony Iervolino Of AI Capital Lending Closes $3.6M Construction Loan For Multifamily In Bergen County

$3,600,000

$130/SF

Building Size

27,500 SF

Asset Type

MultiFamily

Closing

Jun 5, 2025

AI

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

AI Capital Lending
AI Capital LendingLender

Market 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93