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751 Vose Avenue, Orange, NJ...

Parkview Financial Provides $12.5M Loan For Multifamily Development On Vose Avenue In Orange
FINANCEDMultiFamily

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

Jerry Joseph

Lee & Associates

Broker

$16.6M

vol

3 deals

Broker
Parkview Financial
Parkview FinancialLender

Orange MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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