AMS Acquisitions Secures $23.75 Million Refinance Loan From Dwight Mortgage Trust For Multifamily Asset In East Brunswick
377 Summerhill Road
$23,750,000
$95/SF
Building Size
250,000 SF
Asset Type
MultiFamily
Closing
Feb 14, 2025
AI
The property asset involved in this transaction is a multifamily building located at 377 Summerhill Road in the East Brunswick market. The asset consists of 96 units with a total square footage of 250,000. The loan amount secured for this property is $23,750,000, and the type of loan is a refinance.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $23,750,000
- Address: 377 Summerhill Road
- Market: East Brunswick
- Units: 96
- Square Footage: 250,000
- Lender: Katie Goldenberg, Andrew Tichy, Dustin Braham & Grant Heilman - Dwight Mortgage Trust
- Landlord: AMS Acquisitions
- Loan Type: Refinance
The key individuals involved in this transaction include lenders Katie Goldenberg, Andrew Tichy, Dustin Braham, and Grant Heilman representing Dwight Mortgage Trust. The landlord connected to this deal is AMS Acquisitions, overseeing the property's management and operations.
Players
East Brunswick 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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93