Haven Savings Bank Provides $2.7M Acquisition Loan For Multifamily Property In Bayonne, NJ
FINANCED
$2,700,000
New Jersey
See Similar DealsMultiFamily19,320 SF
Financed 02/13/2023
FINANCED
Haven Savings Bank Provides $2.7M Acquisition Loan For Multifamily Property In Bayonne, NJ
863 Avenue C
See Similar DealsMultiFamily19,320 SF
Financed 02/13/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$139
Total Square Footage:19,320 SF
Transaction Type:Loan
A multifamily property located at 863 Avenue C in Bayonne, NJ has been involved in a recent transaction. The property spans 19,320 square feet and consists of 21 units. The transaction took place on 02/13/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Loan Type: Acquisition
- Lender: Haven Savings Bank
- Landlord: Seth Martinez
- Broker: Caillin Boles - Progress Capital
The loan for this transaction was provided by Haven Savings Bank for an amount of $2,700,000. The loan was of the acquisition type. Caillin Boles from Progress Capital represented the involved parties as the broker.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,700,000.00
Monthly NOI$18,000.00
Monthly Debt Service$17,065.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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