Updated Oct 29, 2024
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
About this deal
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.
The multifamily loan at Harrison, NJ, USA in Harrison, New Jersey financed for $73.5M in 2021. Harrison, NJ, USA is classified as Multifamily on Traded. Named participants on the Harrison, NJ, USA loan are Thomas Ravert, Glenn Thomas. This page is the Harrison, New Jersey file for the Harrison, NJ, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Harrison sit in the Market section below. Filter that Harrison multifamily set by closing date to see what else financed near Harrison, NJ, USA around 2021. Published consideration for Harrison, NJ, USA is $73.5M, dated 2021. Cite this Madison Realty Capital Provides $73.5M Loan For Multifamily, Industrial & Retail Assets In Harrison, Kearny & Boonton loan when underwriting similar multifamily product around Harrison, New Jersey.
On the Map
$73,500,000
MultiFamily
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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