Updated Feb 5, 2025
Columbia Bank Refinances $20.3M Loan For 6-Property Portfolio In Jersey City, NJ
Jersey City, New Jersey, United States
$20,320,000
Building Size
—
Asset Type
MultiFamily
Closing
May 18, 2022
About this deal
AI
A 6-property portfolio in Jersey City, NJ, consisting of multifamily assets, has recently undergone a refinancing transaction. The loan was provided by Columbia Bank, with a total amount of $20,320,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,320,000
- Address: 6-Property Portfolio
- Market: Jersey City, NJ
Kathy Anderson and Caillin Boles from Progress Capital represented the borrowers as brokers in this refinancing deal.
The multifamily loan at Jersey City, New Jersey, United States in Jersey City, New Jersey financed for $20.3M in 2022. Jersey City, New Jersey, United States is classified as Multifamily on Traded. Caillin Boles, Kathy Anderson, Progress Capital appear on the loan alongside Progress Capital. This page is the Jersey City, New Jersey file for the Jersey City, New Jersey, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else financed near Jersey City, New Jersey, United States around 2022. Published consideration for Jersey City, New Jersey, United States is $20.3M, dated 2022. Cite this Columbia Bank Refinances $20.3M Loan For 6-Property Portfolio In Jersey City, NJ loan when underwriting similar multifamily product around Jersey City, New Jersey.
Players
Jersey City 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
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93