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705 East Moss Mill Road, Ga...

JW Living Acquires Healthcare Property In Galloway, NJ For $38.2M Loan
FINANCEDOther

JW Living Acquires Healthcare Property In Galloway, NJ For $38.2M Loan

705 East Moss Mill Road, Galloway, New Jersey 08205, United States

$38,200,000

Building Size

Asset Type

Other

Closing

May 24, 2022

AI

The healthcare property located at 705 East Moss Mill Road in Galloway, NJ has recently undergone a closed transaction. The property is owned by JW Living, with Berry Weiss and Michael Jacobs as the landlords. The deal involved a loan of $38,200,000 for construction purposes. The loan was facilitated by Isaac Lifshitz from the Meridian Capital Group. The property is situated in the Galloway market.

Summary of transaction details

  • Property Type: Healthcare
  • Transaction Amount: $38,200,000
  • Address: 705 East Moss Mill Road
  • Market: Galloway, NJ
  • Landlord: JW Living - Berry Weiss & Michael Jacobs
  • Broker: Isaac Lifshitz - Meridian Capital Group

The key individuals involved in this transaction were Berry Weiss, Michael Jacobs, Isaac Lifshitz, and JW Living. The loan amount of $38,200,000 was secured for the purpose of construction on the property. JW Living, represented by Berry Weiss and Michael Jacobs, acted as the landlords in this deal. Isaac Lifshitz, a broker from the Meridian Capital Group, facilitated the loan for the construction project. The property is located in the Galloway market.

Players

Isaac Lifshitz

Meridian Capital Group

Broker

$504.7M

vol

9 deals

Broker

Galloway Other Market Snapshot

Boundary boundary · Other · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93