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Chaim Moerman Secures $4.4M Bridge Loan For 48 Unit Multifamily At 981 Delsea Drive

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FINANCED
$4,400,000
Eli Ben-Meir
Mordy Oratz
+ 1

New Jersey

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MultiFamily44,732 SF
Financed 07/09/2025
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Property Image
FINANCED

Chaim Moerman Secures $4.4M Bridge Loan For 48 Unit Multifamily At 981 Delsea Drive

981 Delsea Drive

See Similar Deals
MultiFamily44,732 SF
Financed 07/09/2025
Eli Ben-Meir
Mordy Oratz
+ 1
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$98
Total Square Footage:44,732 SF
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 981 Delsea Drive in Franklinville. It comprises 48 units, with a total square footage of 44,732. The loan amount secured for this property is $4,400,000 through a bridge loan.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,400,000
  • Lender: Eli Ben-Meir & Dylan Kronenberg - Arion Fund
  • Landlord: Chaim Moerman
  • Sales Broker: Mordy Oratz & Norman Munk - Fernwood Realty Group
  • Mortgage Broker: Israel Leiner - Walker & Dunlop

Key individuals involved in the financing include Eli Ben-Meir and Dylan Kronenberg from Arion Fund, highlighting their commitment to tailored financing solutions in the multifamily sector. Furthermore, the sales brokerage was represented by Mordy Oratz and Norman Munk from Fernwood Realty Group, while mortgage brokerage services were provided by Israel Leiner from Walker & Dunlop.

Players

Israel Leiner
10 deals$196M volume(201) 366-8041
BROKER

Mordy Oratz
 Fernwood Realty Group
1 deal$4.4M volume
BROKER

Norman Munk
 Fernwood Realty Group
1 deal$4.4M volume
BROKER

Walker & Dunlop
BROKERAGE


Eli Ben-Meir
Arion Fund
11 deals$65.2M volume
LENDER


Details

FINANCED
IMAGE: Eli Ben-Meir, Dylan Kronenberg, Mordy Oratz, Norman Munk & Israel Leiner DATE: 07/09/2025 ADDRESS: 981 Delsea Drive MARKET: Franklinville ASSET TYPE: Multifamily ~ UNITS: 48 ~ SF: 44,732 LENDER: Eli Ben-Meir & Dylan Kronenberg - Arion Fund LANDLORD: Chaim Moerman SALES BROKER: Mordy Oratz & Norman Munk - Fernwood Realty Group; MORTAGE BROKER: Israel Leiner - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $4,400,000 LOAN TYPE: Bridge NOTE FROM LENDER: Arion Fund remains committed to delivering tailored financing solutions that drive growth and opportunity in the multifamily sector. For more information or other inquiries, contact: www.arionfund.com | [email protected] | +1 (201) 374-3121 ext. 103

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,400,000.00

Monthly NOI$29,333.33
Monthly Debt Service$27,810.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00