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.
Galloway Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
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