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7601 River Road, North Berg...

Natixis Provides $158M Loan For Multifamily Property At 7601 River Road In North Begen
FINANCEDMultiFamily

Natixis Provides $158M Loan For Multifamily Property At 7601 River Road In North Begen

7601 River Road, North Bergen, NJ, USA

$158,000,000

$60,769/SF

Building Size

2,600 SF

Asset Type

MultiFamily

Closing

Sep 30, 2020

AI

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

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.

Players

Russell Schildkraut

Ackman-Ziff

Broker

$1.9B

vol

10 deals

Broker
Natixis
NatixisLender
Post Brothers
Post BrothersLandlord

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