Hamerman Family Secures $1,750,000 Construction Loan From Michael Tsor Of Broadview Funding
9 Zabriskie Street
$1,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 30, 2026
AI
The property asset involved in this transaction is located at 9 Zabriskie Street in Jersey City, classified as multifamily. A construction loan has been secured for the amount of $1,750,000 with a term of 24 months.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Lender: Michael Tsor - Broadview Funding
- Borrower: Hamerman Family
- Loan Type: Construction
- Loan Terms: 24 months
Key individuals involved in the deal include Michael Tsor, who represents Broadview Funding, a private debt fund specializing in construction, bridge, and DSCR loans across the Tri-State area and Florida. The borrower for this loan is the Hamerman Family.
Jersey City 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93