Elliot Horowitz Of H Equities Secures $33 Million Refinance Loan For Office Building In Southern NJ
$33,000,000
Building Size
—
Asset Type
Office
Closing
May 6, 2026
AI
The transaction involved a multi-tenanted office building located in Southern New Jersey. The property is owned and exceptionally maintained by a highly regarded sponsor who is committing substantial capital toward property upgrades and tenant improvements for existing and new tenants.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $33,000,000
- Lender: Elliot Horowitz - H Equities; 141 Capital Group
- Loan Type: Refinance
- Notable Participants: Robert Salame and the Vedder team; Leo Schwimmer and the United Commercial Group team; Adam Ehrenreich, Judah Oppenheimer, and Max Saidman from OakNorth
H Equities and 141 Capital Group have successfully closed the loan through their ongoing joint venture partnership, demonstrating their commitment to providing bridge financing to exceptional clients. The companies emphasize an equity-oriented perspective, enhancing value for their clients and broker partners.
Players
Voorhees Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93