Anthony Iervolino Of AI Capital Lending Provides $3.67M Recapitalization Loan For Multifamily Purchase
FINANCED
$3,670,000
New Jersey
See Similar DealsMultiFamily45,900 SF
Financed 01/31/2025
FINANCED
Anthony Iervolino Of AI Capital Lending Provides $3.67M Recapitalization Loan For Multifamily Purchase
MultiFamily45,900 SF
Financed 01/31/2025
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$80
Total Square Footage:45,900 SF
Transaction Type:Loan
The transaction involves a multifamily asset, targeted for recapitalization which allows the client to leverage the loan for investment in an out-of-state discounted non-performing loan. The loan amount secured for this transaction is $3,670,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,670,000
- Lender: Anthony Iervolino - AI Capital Lending
- Loan Type: Recapitalization
Anthony Iervolino, as the lender, is facilitating the recapitalization process for the client, enabling them to pursue the purchase of a discounted non-performing loan located out of state.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,670,000.00
Monthly NOI$24,466.67
Monthly Debt Service$23,196.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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