Parkview Financial Provides $12.5M Loan For Multifamily Development On Vose Avenue In Orange
FINANCED
$12,500,000
New Jersey
See Similar DealsMultiFamily20,473 SF
Financed 11/25/2020
FINANCED
Parkview Financial Provides $12.5M Loan For Multifamily Development On Vose Avenue In Orange
751 Vose Avenue, Orange, NJ, USA
See Similar DealsMultiFamily20,473 SF
Financed 11/25/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$610
Total Square Footage:20,473 SF
Transaction Type:Loan
Located at 751 Vose Avenue in Orange, this multifamily development was the subject of a recent transaction. The loan for this property amounted to $12,500,000. The deal was facilitated by Parkview Financial, who served as the lender for the transaction.
Summary of transation details
- Property Type: Multifamily Development
- Transaction Amount: $12,500,000
- Market: Orange
Jerry Joseph & Gary Sopko from Lee & Associates played a crucial role in brokering this deal as representatives for the buyer and seller. Their expertise and guidance ensured a successful transaction for all parties involved.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,500,000.00
Monthly NOI$83,333.33
Monthly Debt Service$79,008.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions