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HKS Real Estate Advisors Facilitates $5.4M Refinance For Bayonne Multifamily
FINANCED
$5,400,000
New Jersey
See Similar DealsMultiFamily19,300 SF
Financed 04/23/2024
FINANCED
HKS Real Estate Advisors Facilitates $5.4M Refinance For Bayonne Multifamily
425-429 Avenue C
See Similar DealsMultiFamily19,300 SF
Financed 04/23/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$279
Total Square Footage:19,300 SF
Transaction Type:Loan
The property, located at 425-429 Avenue C in Bayonne, is a newly constructed 19-unit apartment building with five stories and 19,300 square feet of space. The asset includes 19 parking spaces and was recently refinanced for $5.4 million, with a loan provided by Emerald Creek Capital.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,400,000
- Market: Bayonne
- Units: 19
- Lender: Emerald Creek Capital
- Brokers: Alex Dobosh & Michael Lee - HKS Real Estate Advisors
- Loan Type: Refinance
HKS Real Estate Advisors played a crucial role in facilitating the refinancing deal for the 19-unit apartment building in Bayonne. The transaction was brokered by Alex Dobosh and Michael Lee of HKS Real Estate Advisors, with Emerald Creek Capital providing the financing for this successful property transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,400,000.00
Monthly NOI$36,000.00
Monthly Debt Service$34,131.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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