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

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FINANCED
$38,200,000

New Jersey

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Financed 05/25/2022
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FINANCED

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

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

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Other
Financed 05/25/2022
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Summary

NEW JERSEY
Asset Type:Other
Transaction Type:Loan

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
9 deals$504.7M volume
BROKER

Details

FINANCED
IMAGE: Berry Weiss, Michael Jacobs & Isaac Lifshitz DATE: 05/25/2022 ADDRESS: 705 East Moss Mill Road MARKET: Galloway, NJ ASSET TYPE: Healthcare LANDLORD: JW Living - Berry Weiss & Michael Jacobs BROKERS: Isaac Lifshitz - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $38,200,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$38,200,000.00

Monthly NOI$254,666.67
Monthly Debt Service$241,449.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00