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Greystone completes loan fo...

Cushman & Wakefield Arranges $67.4M Bridge Loan For Multifamily Portfolio In NJ, AR, OH & WI
FINANCEDMultiFamily

Cushman & Wakefield Arranges $67.4M Bridge Loan For Multifamily Portfolio In NJ, AR, OH & WI

$67,450,000

Building Size

Asset Type

MultiFamily

Closing

Apr 19, 2022

AI

The multifamily portfolio, located across New Jersey, Arkansas, Ohio, and Wisconsin, has recently undergone a closed transaction. The lenders involved in this deal were Greystone, represented by Eliav Dan, Gary Stellato, Max Spelling, Alan Litt, Tom Lally, Joseph Borenstein, and Jonathan Cohen from Greystone Monticello. The landlords of this portfolio are Conquest Housing and BLVD Communities. Cushman & Wakefield, with brokers Rob Rubano, Marc Renard, Keith Padien, Brian Share, Joseph Lieske, and Ernesto Sanchez, facilitated this transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $67,450,000
  • Loan Type: Bridge Loan

The key individuals and companies involved in this deal were the lenders, Greystone and Greystone Monticello, represented by Eliav Dan, Gary Stellato, Max Spelling, Alan Litt, Tom Lally, Joseph Borenstein, and Jonathan Cohen. The landlords, Conquest Housing and BLVD Communities, played a significant role in this transaction as well. The brokers, Rob Rubano, Marc Renard, Keith Padien, Brian Share, Joseph Lieske, and Ernesto Sanchez from Cushman & Wakefield, facilitated the entire process.

Players

Brian Share

Cushman & Wakefield

Broker

$3.8B

vol

24 deals

Broker

Market 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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93