Bandon Capital Advisors Secures $2.56 Million Refinance Loan For 14-Unit Multifamily Property In North Jersey
FINANCED
$2,560,000
New Jersey
See Similar DealsMultiFamily22,000 SF
Financed 09/12/2025
FINANCED
Bandon Capital Advisors Secures $2.56 Million Refinance Loan For 14-Unit Multifamily Property In North Jersey
325 Main Street
See Similar DealsMultiFamily22,000 SF
Financed 09/12/2025
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$116
Total Square Footage:22,000 SF
Transaction Type:Loan
The property asset involved in the transaction is a multifamily building located at 325 Main Street, North Jersey. It comprises 14 units and has a total square footage of 22,000. The loan arranged for this property is aimed at refinancing the existing mortgage balance.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,560,000
- Loan Type: Refinance
- Loan Terms: 10 Years
- Lender: Bandon Capital Advisors, Inc.
- Broker: Kamron F. Aghevli - Bandon Capital Advisors
Kamron F. Aghevli, representing Bandon Capital Advisors, successfully facilitated the refinancing process despite challenges with the borrower's previous lender, who was unable to refinance the existing mortgage balance. This arrangement presented a competitive mortgage solution for the borrower.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,560,000.00
Monthly NOI$17,066.67
Monthly Debt Service$16,180.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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