Citizens Bank Provides $2.1 Million Refinance Loan For 35 Units Multifamily In Jersey City
FINANCED
$2,100,000
New Jersey
See Similar DealsMultiFamily1 SF
Financed 08/22/2024
FINANCED
Citizens Bank Provides $2.1 Million Refinance Loan For 35 Units Multifamily In Jersey City
35 Rock Street
See Similar DealsMultiFamily1 SF
Financed 08/22/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$2,100,000
Total Square Footage:1 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 35 Rock Street in Jersey City, featuring a total of 35 units. The loan amount for this refinancing transaction is $2,100,000, facilitated by Citizens Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 35 Rock Street
- Market: Jersey City
- Lender: Citizens Bank
- Brokers: Bryan Geffen & Noah Schulman - Meridian Capital Group
- Loan Type: Refinance
The key individuals involved in this transaction include Bryan Geffen and Noah Schulman, who represent the broker agency Meridian Capital Group in this refinancing deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,100,000.00
Monthly NOI$14,000.00
Monthly Debt Service$13,273.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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