Updated Feb 28, 2025
We Lend LLC Provides $1.21M Loan For Multifamily Property In Jersey City, NJ
Jersey City, NJ, USA
$1,210,000
$596/SF
Building Size
2,028 SF
Asset Type
MultiFamily
Closing
Aug 17, 2021
About this deal
AI
A multifamily property located in Jersey City, NJ recently closed a loan transaction with We Lend LLC. The loan was finalized on 08/17/2021 and the property involved in the deal has a total square footage of 2,028. The loan amount provided by We Lend LLC was $1,210,000.
Summary of transaction details
- Property Type: Multifamily
- Lender: We Lend LLC
- Loan Amount: $1,210,000
- Date: 08/17/2021
- Market: Jersey City, NJ
The deal was facilitated by We Lend LLC, who acted as the lender. The involvement of We Lend LLC showcases their expertise in providing loans for multifamily properties in the Jersey City market.
Players
Jersey City 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
13.11%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93