Berel Karniol Secures $25.9M Loan For MultiFamily Property In Hackensack
FINANCED
$25,900,000
New Jersey
See Similar DealsMultiFamily
FINANCED
Berel Karniol Secures $25.9M Loan For MultiFamily Property In Hackensack
295 Polifly Rd, Hackensack, NJ, 07601
See Similar DealsMultiFamily
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Loan
The property at 295 Polifly Rd, Hackensack, NJ, 07601, located in the Hackensack market, is an asset of the MultiFamily type. The loan amount secured for this property transaction was $25,900,000.00.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $25,900,000.00
- Address: 295 Polifly Rd, Hackensack, NJ, 07601
- Market: Hackensack
Shaya Sonnenschein from Meridian Capital Group represented the borrower, Berel Karniol, in this transaction. The lender involved in this deal was Connect One Bank.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,900,000.00
Monthly NOI$172,666.67
Monthly Debt Service$163,705.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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