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2775 US-130 North Brunswick...

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

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

Matthew Pizzolato

CBRE

Broker

$1.4B

vol

35 deals

Broker
Nuveen
NuveenLender

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