Eli Ben-Meir, Dylan Kronenberg & Amit Stern Of Arion Fund Provide $1.7M Bridge Loan For 10-Unit Multifamily In Jersey City
FINANCED
$1,700,000
New Jersey
See Similar DealsMultiFamily6,950 SF
Financed 04/09/2025
FINANCED
Eli Ben-Meir, Dylan Kronenberg & Amit Stern Of Arion Fund Provide $1.7M Bridge Loan For 10-Unit Multifamily In Jersey City
88 90 Irving Street
See Similar DealsMultiFamily6,950 SF
Financed 04/09/2025
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$244
Total Square Footage:6,950 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 88-90 Irving Street in Jersey City. It consists of 10 units and has a total square footage of 6,950. The transaction includes a bridge loan amounting to $1,700,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Address: 88-90 Irving Street
- Market: Jersey City
- Units: 10
- Square Footage: 6,950
- Lender: Eli Ben-Meir, Dylan Kronenberg & Amit Stern - Arion Fund
- Landlord: Empire Realty Partners
- Loan Type: Bridge
Arion Fund is represented in this transaction by Eli Ben-Meir, Dylan Kronenberg, and Amit Stern. Empire Realty Partners acts as the landlord in this deal. Arion Fund is noted for its commitment to providing tailored financing solutions that enhance growth and opportunity in the multifamily sector.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,700,000.00
Monthly NOI$11,333.33
Monthly Debt Service$10,745.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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