Updated Aug 18, 2026
Lender Provides $96,500,000 Loan For Multifamily Property At 400 NJ 38 In Moorestown
400 Nj 38
$96,500,000
$256/SF
Building Size
375,848 SF
Asset Type
MultiFamily
Closing
Jul 3, 2025
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 400 Nj 38 in Moorestown. The loan amount for this property is $96,500,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $96,500,000.00
- Address: 400 Nj 38
- Market: Moorestown
- Loan Date: 07/03/2025
The deal showcases the financial arrangement surrounding the MultiFamily property, noting the significant loan amount secured for this transaction on the specified date, indicating a notable commitment from the involved financial entities.
The multifamily loan at 400 Nj 38 in Moorestown, New Jersey financed for $96.5M in 2025. The building is 375,848 square feet, implying about 256 per square foot on the published price. Named participants on the 400 Nj 38 loan are Joshua Dormody. This page is the Moorestown, New Jersey file for the 400 Nj 38 multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Moorestown sit in the Market section below. Filter that Moorestown multifamily set by closing date to see what else financed near 400 Nj 38 around 2025. Published consideration for 400 Nj 38 is $96.5M, dated 2025. Cite this Lender Provides $96,500,000 Loan For Multifamily Property At 400 NJ 38 In Moorestown loan when underwriting similar multifamily product around Moorestown, New Jersey.
Players
Moorestown 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93