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

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FINANCED
$34,100,000

New Jersey

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MultiFamily201,642 SF
Financed 02/28/2025
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Property Image
FINANCED

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

301 Sicklerville Road

See Similar Deals
MultiFamily201,642 SF
Financed 02/28/2025
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$169
Total Square Footage:201,642 SF
Transaction Type:Loan

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.

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Details

FINANCED
IMAGE: Andrew Tichy, Dustin Braham & Grant Heilman DATE: 02/28/2025 ADDRESS: 301 Sicklerville Road MARKET: Sicklerville ASSET TYPE: Multifamily ~ UNITS: 168 ~ SF: 201,642 LENDER: Andrew Tichy, Dustin Braham & Grant Heilman - Dwight Mortgage Trust (@DwightCap) LANDLORD: Fernmoor Homes LOAN AMOUNT: $34,100,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$34,100,000.00

Monthly NOI$227,333.33
Monthly Debt Service$215,535.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00