Updated Sep 16, 2026
Shaya Schubert Of Meridian Capital Group Arranges $17 Million Refinance For South Orange Multifamily
8 2nd Street
$17,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 28, 2026
About this deal
AI
A newly completed Class A multifamily property located at 88 Sloan Street in South Orange, NJ, was involved in this transaction. The asset was refinanced for a total of $17,000,000 and falls within the multifamily asset type category.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,000,000
- Loan Type: Refinance
- Address: 88 Sloan Street
- Market: South Orange
- Broker: Shaya Schubert - Meridian Capital Group
Shaya Schubert of Meridian Capital Group facilitated the refinance, negotiating the arrangement for the first mortgage that retires the existing construction financing. Contact details for Shaya Schubert include the phone number 718-753-9071.
South Orange 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93