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Nuveen Real Estate Provides $47M Refinance Loan For North Brunswick Multifamily

Property Image
FINANCED
$47,000,000

New Jersey

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MultiFamily220,578 SF
Financed 06/15/2023
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Property Image
FINANCED

Nuveen Real Estate Provides $47M Refinance Loan For North Brunswick Multifamily

2775 US-130 North Brunswick Township, NJ 08902, USA

See Similar Deals
MultiFamily220,578 SF
Financed 06/15/2023
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$213
Total Square Footage:220,578 SF
Transaction Type:Loan

The multi-family property located at 2775 US Us-130 in North Brunswick has undergone a refinancing transaction. The property consists of 222 units spanning a total of 220,578 square feet.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $47,000,000
  • Address: 2775 US Us-130, North Brunswick
  • Market: North Brunswick
  • Units: 222
  • Square Feet: 220,578

The lender for this refinancing transaction is Nuveen Real Estate, while the landlord is Kaplan Companies. Representing the deal are brokers Michael Klein, Matthew Pizzolato, and Michael Meisner from JLL.

Players

Matthew Pizzolato
34 deals$1.4B volume(908) 720-0342
BROKER

Michael Klein
JLL
77 deals$2.6B volume(973) 549-2005
BROKER

Michael Meisner
Providence Real Estate Advisors
1 deal$47M volume(201) 819-3840
BROKER

Nuveen
LENDER

Details

FINANCED
IMAGE: Michael Klein, Matthew Pizzolato & Michael Meisner DATE: 06/15/2023 ADDRESS: 2775 US Us-130 MARKET: North Brunswick ASSET TYPE: MultiFamily ~ UNITS: 222 ~ SF: 220,578 LENDER: Nuveen Real Estate (@NuveenInv) LANDLORD: Kaplan Companies (@ThinkKaplan) BROKERS: Michael Klein, Matthew Pizzolato & Michael Meisner (@Mikebmeiz) - JLL (@JLL) LOAN AMOUNT: $47,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$47,000,000.00

Monthly NOI$313,333.33
Monthly Debt Service$297,071.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00