Updated Mar 11, 2025
Pulaski Ventures Secures $451,000 Refinance Loan From Somi Equity For Multifamily Property In Carteret
81 Pulaski Avenue
$451,000
$196/SF
Building Size
2,300 SF
Asset Type
MultiFamily
Closing
Aug 9, 2024
About this deal
AI
The property involved in this transaction is a multifamily asset located at 81 Pulaski Avenue in Carteret, featuring 2 units and a total square footage of 2,300. This deal includes a refinancing aspect with a loan amount of $451,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $451,000
- Loan Type: Refinance
- Loan Terms: DSCR
- Lender: Somi Equity
- Landlord: Pulaski Ventures
- Broker: Juliya Fulman - Somi Equity
This transaction was facilitated by Juliya Fulman, who represents Somi Equity in this refinancing deal. The parties involved include Pulaski Ventures as the landlord and Somi Equity as the lender, highlighting the collaboration among these key stakeholders in completing the transaction.
Players
Carteret 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
35.17%
Cash-on-Cash
-10.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93