S3 Capital Partners Provides $46.5 Million Refinance Loan For Multifamily Asset In Roselle NJ
FINANCED
New Jersey
See Similar DealsMultiFamily172,693 SF
Financed
Summary
Asset Type:MultiFamily
Price Per Square Foot:$269
Total Square Footage:172,693 SF
Transaction Type:Loan
The asset involved in this context is a multifamily property located in Roselle, NJ, with a total square footage of 172,693. The loan amount secured for this property is $46,500,000, under a refinance loan type.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $46,500,000
- Market: Roselle, NJ
- Asset Square Footage: 172,693
- Lender: Robert Schwartz & Steven Jemal - S3 Capital Partners
- Loan Type: Refinance
Key individuals involved in the transaction include Robert Schwartz and Steven Jemal, who are representatives from S3 Capital Partners, a leading capital provider actively financing multifamily transactions across various markets, specifically those exceeding $1 million.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$46,500,000.00
Monthly NOI$310,000.00
Monthly Debt Service$293,911.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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