Russell Schildkraut Of Ackman-Ziff Secures $158M Loan From Natixis Real Estate Capital
7601 River Rd, North Bergen, NJ, 07047
$158,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 1, 2020
AI
The multi-family property located at 7601 River Rd, North Bergen, NJ, 07047 in the North Bergen market was involved in a loan transaction totaling $158,000,000. The loan was provided by Natixis Real Estate Capital.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $158,000,000.00
- Address: 7601 River Rd, North Bergen, NJ, 07047
- Borrower's Rep: Russell Schildkraut (Ackman-Ziff)
- Lender: Natixis Real Estate Capital
Russell Schildkraut from Ackman-Ziff represented the borrower in this significant loan transaction for the multi-family property in North Bergen.
Players
North Bergen 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93