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Anthony Iervolino Of AI Capital Lending Provides $3.67M Recapitalization Loan For Multifamily Purchase

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FINANCED
$3,670,000

New Jersey

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MultiFamily45,900 SF
Financed 01/31/2025
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Property Image
FINANCED

Anthony Iervolino Of AI Capital Lending Provides $3.67M Recapitalization Loan For Multifamily Purchase

MultiFamily45,900 SF
Financed 01/31/2025
Contact now

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

FINANCED
IMAGE: Anthony Iervolino DATE: 01/31/2025 ASSET TYPE: Multifamily LENDER: Anthony Iervolino - AI Capital Lending (@AICapitalLending) LOAN AMOUNT: $3,670,000 LOAN TYPE: Recapitalization NOTE FROM LENDER: Recapitalization loan for the client to purchase an out of state discounted NPL

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Deal Type
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