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CBRE Secures $7.558 Million Refinance Loan For Multifamily Asset In Cliffside Park

Property Image
FINANCED
$7,558,000
Jeff Feldman
Judah Hammer
Jack Hayes

New Jersey

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MultiFamily
Financed 06/27/2025
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Property Image
FINANCED

CBRE Secures $7.558 Million Refinance Loan For Multifamily Asset In Cliffside Park

Lafayette Avenue

See Similar Deals
MultiFamily
Financed 06/27/2025
Jeff Feldman
Judah Hammer
Jack Hayes
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Loan

The property asset involved in this transaction is a multifamily unit complex located at 251-255 Lafayette Avenue, situated in the Cliffside Park market. This asset consists of 50 units and is associated with a loan amount of $7,558,000.

Summary of transaction details:

This transaction was made possible through the expertise of the team comprising Judah Hammer, Jeff Feldman, and Jack Hayes at CBRE, who are responsible for the loan's origination. Their knowledge in structuring financial solutions has proven essential in achieving a successful outcome for the borrower, with a focus on eliminating unnecessary costs and ensuring a smooth process throughout the transaction.

Players

CBRE
CBRE
BROKERAGE
Freddie Mac
Freddie Mac
LENDER
Judah Hammer
CBRE
Judah Hammer
36 deals$1.3B volume
ORIGINATOR
Jeff Feldman
CBRE
Jeff Feldman
19 deals$399.6M volume(305) 606-0092
ORIGINATOR
Jack Hayes
CBRE
Jack Hayes
3 deals$78.6M volume
ORIGINATOR

Details

FINANCED
IMAGE: Judah Hammer, Jeff Feldman & Jack Hayes DATE: 06/27/2025 ADDRESS: 251-255 Lafayette Avenue MARKET: Cliffside Park ASSET TYPE: Multifamily ~ UNITS: 50 LENDER: CBRE - Freddie Mac (@FreddieMacCorp) ORIGINATORS: Judah Hammer (@JudahHammer), Jeff Feldman (@JFeldman.CRE) & Jack Hayes (@JackHayes00) - CBRE (@CBRE) LOAN AMOUNT: $7,558,000 LOAN TYPE: Refinance LOAN TERMS: 5-Year term, Full-term IO, 5.06% Rate NOTE: We’re extremely proud to announce the successful closing of a $7.558 million Freddie Mac full-term interest-only loan at a rate of 5.06%. ✅ Direct Agency Execution ✅ Full-Term Interest-Only ✅ Tailored to Meet the Borrower’s Short & Long-Term Goals This transaction highlights our deep expertise in structuring creative, cost-effective capital solutions in today’s evolving interest rate environment. As a leading national DIRECT AGENCY LENDER, we were able to eliminate unnecessary costs, fees and delays by avoiding extra layers that a 3rd party provider may encounter. My team underwrote, processed, closed and will now service the loan in house! That means a smoother process, faster execution, and a better overall outcome for our clients/ borrowers. A big thank you to our client and partners who helped bring this deal across the finish line! 💼

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,558,000.00

Monthly NOI$50,386.67
Monthly Debt Service$47,771.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00