Natixis Provides $158M Loan For Multifamily Property At 7601 River Road In North Begen
FINANCED
$158,000,000
New Jersey
See Similar DealsMultiFamily2,600 SF
Financed 10/01/2020
FINANCED
Natixis Provides $158M Loan For Multifamily Property At 7601 River Road In North Begen
7601 River Road, North Bergen, NJ, USA
See Similar DealsMultiFamily2,600 SF
Financed 10/01/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$60,769
Total Square Footage:2,600 SF
Transaction Type:Loan
A multifamily property located at 7601 River Road in North Bergen has recently been involved in a loan transaction. The loan was provided by natixis''>Natixis to the landlord, Post Brothers, for an amount of $158,000,000. The transaction took place on 10/01/2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $158,000,000
- Lender: Natixis
- Landlord: Post Brothers
- Broker: Russell Schildkraut - Ackman-Ziff Real Estate Group LLC
Russell Schildkraut from Ackman-Ziff Real Estate Group LLC represented the parties involved in this loan transaction. The property, located at 7601 River Road in North Bergen, was successfully secured with a loan amount of $158,000,000 from Natixis. Post Brothers is the landlord of this multifamily asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$158,000,000.00
Monthly NOI$1,053,333.33
Monthly Debt Service$998,667.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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