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
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