Updated Sep 9, 2026
Akiva Drew Of Drew Capital Secures $3.9M Refinance For 17-Unit Multifamily In East Orange
$3,900,000
Units
17
Asset Type
MultiFamily
Closing
Aug 31, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located in East Orange, comprising a total of 17 units. The transaction was secured through a refinance loan totaling $3,900,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,900,000
- Loan Type: Refinance
- Market: East Orange
- Units: 17
- Broker: Akiva Drew - Drew Capital
The key individual representing this transaction is Akiva Drew, who operates under Drew Capital. This broker facilitated the refinance process for the multifamily asset. No other individuals or companies have been mentioned in relation to this transaction.
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93