Josh Hoffman & Jonathan Pomper Of Dwight Capital Provide $110M Refinance Loan For J&L Companies Multifamily
FINANCED
$110,000,000
New Jersey
See Similar DealsMultiFamily
Financed 01/26/2026
FINANCED
Josh Hoffman & Jonathan Pomper Of Dwight Capital Provide $110M Refinance Loan For J&L Companies Multifamily
55 Union Street
See Similar DealsMultiFamily
Financed 01/26/2026
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Loan
The property asset is a multifamily type located at 55 Union Street in Newark. The loan involved in this transaction is a refinance loan amounting to $110,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $110,000,000
- Lender: Josh Hoffman & Jonathan Pomper - Dwight Capital
- Landlord: J&L Companies
- Loan Type: Refinance
The key individuals involved in this deal include Josh Hoffman and Jonathan Pomper, who represent the lender Dwight Capital, facilitating the refinancing process for the landlord, J&L Companies.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$110,000,000.00
Monthly NOI$733,333.33
Monthly Debt Service$695,274.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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