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$1.25M Loan Secured For Multifamily Asset At 445 Broadway In Newark By Sarah Waldman

Property Image
FINANCED
$1,250,000

New Jersey

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MultiFamily6,000 SF
Financed 11/21/2024
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Property Image
FINANCED

$1.25M Loan Secured For Multifamily Asset At 445 Broadway In Newark By Sarah Waldman

445 Broadway

See Similar Deals
MultiFamily6,000 SF
Financed 11/21/2024
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$208
Total Square Footage:6,000 SF
Transaction Type:Loan

The property asset involved in the transaction is a multifamily unit located at 445 Broadway in Newark, encompassing a total square footage of 6,000 with 6 individual units. The transaction was executed as a refinance with a loan amount of $1,250,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Asset Square Footage: 6,000
  • Units: 6
  • Address: 445 Broadway
  • Market: Newark
  • Lender: Sarah Waldman - NDL Funding
  • Loan Type: Refinance
  • Loan Terms: 7% Rate | 30 Year Fixed | No Tax Returns

Sarah Waldman from NDL Funding represented the lender in this transaction. The lender provided a note inviting inquiries for quotes on Bridge and Perm financing for 1-8 unit properties nationwide via the email address [email protected].

Players

NDL Funding
NDL Funding
LENDER

Details

FINANCED
IMAGE: 11/21/2024 ADDRESS: 445 Broadway MARKET: Newark ASSET TYPE: Multifamily ~ SF: 6,000 ~ UNITS: 6 LENDER: Sarah Waldman - NDL Funding (@NDLFunding) LOAN AMOUNT: $1,250,000 LOAN TYPE: Refinance LOAN TERMS: 7% Rate | 30 Year Fixed | No Tax Returns NOTE FROM LENDER: Reach out to [email protected] to get a quote from our direct lending platform for Bridge and Perm financing on 1-8 units nationwide.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,250,000.00

Monthly NOI$8,333.33
Monthly Debt Service$7,900.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00