Developer Secures $24.7 Million Loan From MF1 For 110-Unit Multifamily In Mount Laurel NJ
203 Ark Road
$24,700,000
Units
110
Asset Type
MultiFamily
Closing
Aug 5, 2026
AI
The property asset involved in the transaction is the third phase of the Laurel Green multifamily community, located at 203 Ark Road in Mount Laurel, New Jersey. This multifamily asset comprises 110 units and is situated near Route 38, contributing to one of Burlington County’s latest luxury apartment developments.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $24,700,000
- Address: 203 Ark Road
- Market: Mount Laurel, NJ
- Lender: MF1
- Loan Type: Permanent
- Brokers: Matthew Pizzolato, Josh Stein & Carlos Silva - CBRE
The loan was secured by a developer to finance the multifamily community, reflecting strategic investment within the local real estate market. The brokers involved in this transaction from CBRE facilitated the deal, representing the developer in securing funding for this new phase of the project.
Players
Mount Laurel 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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93