Parkview Financial Provides $12.5M Loan For Multifamily Development On Vose Avenue In Orange
751 Vose Avenue, Orange, NJ, USA
$12,500,000
$610/SF
Building Size
20,473 SF
Asset Type
MultiFamily
Closing
Nov 24, 2020
AI
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
Orange MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93