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377 Summerhill Road

AMS Acquisitions Secures $23.75 Million Refinance Loan From Dwight Mortgage Trust For Multifamily Asset In East Brunswick
FINANCEDMultiFamily

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

Andrew Tichy

Dwight Capital

Lender

$78.9M

vol

3 deals

Lender
AA
AMS AcquisitionsLandlord

East Brunswick MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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