Nuveen Real Estate Provides $47M Refinance Loan For North Brunswick Multifamily
FINANCED
New Jersey
See Similar DealsMultiFamily220,578 SF
Financed 06/15/2023
FINANCED
Nuveen Real Estate Provides $47M Refinance Loan For North Brunswick Multifamily
2775 US-130 North Brunswick Township, NJ 08902, USA
See Similar DealsMultiFamily220,578 SF
Financed 06/15/2023
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
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
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
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