Updated Dec 4, 2024
Swift Capital Provides $1.95M Bridge Loan For Passaic Multifamily Property
$1,950,000
$175/SF
Building Size
11,100 SF
Asset Type
MultiFamily
Closing
Mar 20, 2024
About this deal
AI
The multifamily property in Passaic, NJ, spanning 11,100 square feet with 16 units, obtained a bridge loan worth $1,950,000 from Guy Shmuel of Swift Capital.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Lender: Guy Shmuel - Swift Capital
- Market: Passaic, NJ
- Asset Type: Multifamily
- Square Footage: 11,100
- Units: 16
Guy Shmuel from Swift Capital provided immediate assistance for the bridge loan. For further questions or transactions, contact Guy Shmuel at Gadi / @SwiftCapitalLLC / [email protected]
Players
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93