Nuveen Real Estate Provides $47M Refinance Loan For North Brunswick Multifamily
2775 US-130 North Brunswick Township, NJ 08902, USA
$47,000,000
$213/SF
Building Size
220,578 SF
Asset Type
MultiFamily
Closing
Jun 15, 2023
AI
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
New Jersey MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93