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301 Sicklerville Road

Fernmoor Homes Secures $34.1 Million Refinance Loan For 168-Unit Multifamily At 301 Sicklerville Road
FINANCEDMultiFamily

Fernmoor Homes Secures $34.1 Million Refinance Loan For 168-Unit Multifamily At 301 Sicklerville Road

301 Sicklerville Road

$34,100,000

$169/SF

Building Size

201,642 SF

Asset Type

MultiFamily

Closing

Feb 28, 2025

AI

The property asset involved in the transaction is a multifamily residential building located at 301 Sicklerville Road in Sicklerville. The asset features 168 units and has a total square footage of 201,642. The transaction is categorized under refinancing activities, with a loan amount of $34,100,000.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $34,100,000
  • Units: 168
  • Square Footage: 201,642
  • Lender: Andrew Tichy, Dustin Braham & Grant Heilman - Dwight Mortgage Trust
  • Landlord: Fernmoor Homes
  • Loan Type: Refinance

The key individuals involved in the deal include Andrew Tichy, Dustin Braham, and Grant Heilman, who represent Dwight Mortgage Trust as the lenders for the refinancing agreement. Fernmoor Homes is noted as the landlord overseeing the property transaction.

Players

Andrew Tichy

Dwight Capital

Lender

$78.9M

vol

3 deals

Lender
Dwight Capital
Dwight CapitalLender

Sicklerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.47%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93