Anthony Scavo & Dan Weinstein Secure $12.1M Construction Loan For Self Storage In Voorhees, NJ
FINANCED
$12,100,000
New Jersey
See Similar DealsSelf Storage
Financed 08/31/2023
FINANCED
Anthony Scavo & Dan Weinstein Secure $12.1M Construction Loan For Self Storage In Voorhees, NJ
111 Centennial Blvd Voorhees Township, NJ 08043, USA
See Similar DealsSelf Storage
Financed 08/31/2023
Summary
NEW JERSEY
Asset Type:Self Storage
Transaction Type:Loan
The self storage property located at 111 Centennial Boulevard in Voorhees, NJ has recently been involved in a loan transaction. The loan amount for this transaction was $12,100,000, and it was a construction loan.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $12,100,000
- Address: 111 Centennial Boulevard, Voorhees, NJ
- Market: Voorhees, NJ
- Loan Type: Construction
- Landlord's Representative: Anthony Scavo & Dan Weinstein
Anthony Scavo and Dan Weinstein acted as the landlords' representatives in this loan transaction.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,100,000.00
Monthly NOI$80,666.67
Monthly Debt Service$76,480.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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