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4134 South Broad Street

Kearny Federal Savings Bank Provides $6.8 Million Refinance Loan For Yardville Multifamily Asset
FINANCEDMultiFamily

Kearny Federal Savings Bank Provides $6.8 Million Refinance Loan For Yardville Multifamily Asset

4134 South Broad Street

$6,800,000

$87/SF

Building Size

77,580 SF

Asset Type

MultiFamily

Closing

Aug 29, 2024

AI

The property asset involved in this transaction is a multifamily unit located at 4134 South Broad Street in Yardville - Trenton. The asset comprises 92 units and features a total square footage of 77,580. The transaction is a refinance loan amounting to $6,800,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,800,000
  • Address: 4134 South Broad Street
  • Market: Yardville - Trenton
  • Units: 92
  • Square Footage: 77,580
  • Lender: Kearny Federal Savings Bank
  • Broker: David Cohen - Meridian Capital Group
  • Loan Type: Refinance

Key individuals involved in the deal include David Cohen, who represents the broker Meridian Capital Group in this transaction, facilitating the refinance process with Kearny Federal Savings Bank.

Players

David Cohen

Meridian Capital Group

Broker

$275.1M

vol

8 deals

Broker
Kearny Bank
Kearny BankLender

Trenton 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

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93