Madison Realty Capital Provides $73.5M Loan For Multifamily, Industrial & Retail Assets In Harrison, Kearny & Boonton
Harrison, NJ, USA
$73,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 19, 2021
AI
A loan transaction has recently taken place in Harrison, Kearny, and Boonton. This transaction involves a multifamily, industrial, and retail property. The loan amount for this transaction is $73,500,000.
Summary of transaction details:
- Asset Type: Multifamily, Industrial & Retail
- Market: Harrison, Kearny & Boonton
- Loan Amount: $73,500,000
Glenn Thomas and Thomas Ravert from Pathway Capital Corporation served as brokers in this transaction on behalf of the parties involved, while the lending was provided by Madison Realty Capital.
Players
Harrison 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93