Updated Jun 17, 2026
Sanjay Garg Of SKG Capital Secures $9 Million Refinance For Multifamily Properties In East Orange
110 Halsted Street & 209 William Street
$9,000,000
Units
52
Asset Type
MultiFamily
Closing
Jun 16, 2026
About this deal
AI
The transaction involves two multifamily properties located at 110 Halsted Street and 209 William Street in East Orange, NJ, consisting of a total of 52 apartments. The loan amount secured for refinancing the properties is $9,000,000. The refinancing replaces existing debt with larger, long-term facilities, thereby enhancing capital flexibility for the landlord's investment strategy.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Units: 52
- Loan Type: Refinance
- Landlord: Sanjay Garg
- Agency: SKG Capital
- Market: East Orange, NJ
Sanjay Garg of SKG Capital represents the landlord in this transaction, focusing on transit-oriented assets with stable occupancy and demand near NJ Transit access. The transaction allows the firm to optimize its financial position and leverage its portfolio effectively.
On the Map
$9,000,000
MultiFamily
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Market 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93