Kearny Federal Savings Bank Provides $6.8 Million Refinance Loan For Yardville Multifamily Asset
FINANCED
$6,800,000
New Jersey
See Similar DealsMultiFamily77,580 SF
Financed 08/29/2024
FINANCED
Kearny Federal Savings Bank Provides $6.8 Million Refinance Loan For Yardville Multifamily Asset
4134 South Broad Street
See Similar DealsMultiFamily77,580 SF
Financed 08/29/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$87
Total Square Footage:77,580 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,800,000.00
Monthly NOI$45,333.33
Monthly Debt Service$42,980.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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