Updated Oct 13, 2025
Bandon Capital Advisors Secures $2.56 Million Refinance Loan For 14-Unit Multifamily Property In North Jersey
325 Main Street
$2,560,000
$116/SF
Building Size
22,000 SF
Asset Type
MultiFamily
Closing
Sep 12, 2025
About this deal
AI
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.
On the Map
$2,560,000
$116/SF
MultiFamily
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Little Ferry MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.20%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93