Updated Mar 11, 2025
Haven Savings Bank Provides $6.75M Acquisition Loan For Hoboken Multifamily Property
Hoboken, New Jersey, United States
$6,750,000
Units
16
Asset Type
MultiFamily
Closing
Apr 25, 2022
About this deal
AI
A multifamily property in Hoboken, NJ has been acquired with a loan from Haven Savings Bank. The property consists of 16 units and the transaction took place on 04/26/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,750,000
- Market: Hoboken, NJ
- Units: 16
The loan for the acquisition was provided by Haven Savings Bank. The brokers involved in the deal were Brian Anderson from Progress Capital and Jordan Sobel from Cushman & Wakefield.
The multifamily loan at Hoboken, New Jersey, United States in Hoboken, New Jersey financed for $6.8M in 2022. Reported inventory is 16 units across 16 units. Jordan Sobel, Brian Anderson, Progress Capital, Cushman & Wakefield appear on the loan alongside Progress Capital, Cushman & Wakefield. This page is the Hoboken, New Jersey file for the Hoboken, New Jersey, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Hoboken sit in the Market section below. Filter that Hoboken multifamily set by closing date to see what else financed near Hoboken, New Jersey, United States around 2022. Published consideration for Hoboken, New Jersey, United States is $6.8M, dated 2022. Cite this Haven Savings Bank Provides $6.75M Acquisition Loan For Hoboken Multifamily Property loan when underwriting similar multifamily product around Hoboken, New Jersey.
Players
Hoboken 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93