Cooper Horowitz Brokers Secures $27.5M Construction Loan For Long Branch Multifamily Property
FINANCED
$27,500,000
New Jersey
See Similar DealsMultiFamily147,000 SF
Financed 05/25/2022
FINANCED
Cooper Horowitz Brokers Secures $27.5M Construction Loan For Long Branch Multifamily Property
272 Willow Avenue, Long Branch, New Jersey 07740, United States
See Similar DealsMultiFamily147,000 SF
Financed 05/25/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$187
Total Square Footage:147,000 SF
Transaction Type:Loan
A multifamily property located in Long Branch, at 272 Willow Ave & 258 Morris Ave, was recently involved in a closed transaction. The property spans 147,000 square feet and consists of 87 units. The deal took place on May 25, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: May 25, 2022
- Address: 272 Willow Ave & 258 Morris Ave, Long Branch
- Units: 87
- Square Footage: 147,000
The construction loan for this transaction was provided by Sean Robertson and Jeff Rosenfeld from Churchill Real Estate. They lent a total of $27,500,000 for the project. The loan type was construction.
The brokers involved in the deal were Nick Barbato, Michael Horowitz, and Jordan Horowitz from Cooper Horowitz.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$27,500,000.00
Monthly NOI$183,333.33
Monthly Debt Service$173,818.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions