Regional Bank Provides $17,780,000 Refinance Loan For Multifamily Properties In Vineland, NJ
28 Temple Road & 1032 Landis Avenue
$17,780,000
Building Size
—
Asset Type
MultiFamily
Closing
May 19, 2026
AI
The property involved in this transaction is a MultiFamily asset located at 28 Temple Road & 1032 Landis Avenue in Vineland, NJ. The loan associated with this property amounts to $17,780,000, categorized as a refinance loan.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $17,780,000
- Lender: Regional Bank
- Landlord's Representative: Meir Schlusselberg & Jacob Schmuckler - Arrow Real Estate Advisors
- Date of Transaction: 5/20/2026
This transaction was facilitated by the landlord's representatives, Meir Schlusselberg and Jacob Schmuckler, who are affiliated with Arrow Real Estate Advisors. Their involvement reflects their expertise in managing the refinancing process for the multi-family property in the Vineland market.
Players
Vineland 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
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93