Updated Dec 20, 2023
Amar Mody & Robert O'Hare Secure $1.2M Bridge Loan For Multifamily Property In Jersey City
435 Jersey Avenue, Jersey City, NJ, USA
$1,200,000
$897/SF
Building Size
1,337 SF
Asset Type
MultiFamily
Closing
Apr 19, 2021
About this deal
AI
The asset involved in this transaction is a multifamily property located at 435 Jersey Avenue in Jersey City, NJ. The loan type for this transaction is a bridge loan. The loan amount provided for this deal is $1,200,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 435 Jersey Avenue, Jersey City, NJ
- Market: Jersey City, NJ
The landlord of this property is Amar Mody & Robert O'Hare. The lender for this transaction is Kyle Altenau from Progress Direct. The broker involved in this deal is Brian Anderson from Progress Capital.
Jersey City 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93