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New York, New Jersey, CT

Mission.Capita Acquires Package Deal Of 215 Non-Performing Loans For $72.8M In NY, NJ, CT
SOLDSingle Family Residence

Mission.Capita Acquires Package Deal Of 215 Non-Performing Loans For $72.8M In NY, NJ, CT

New York, New Jersey, CT

$72,806,019

Building Size

Asset Type

Single Family Residence

Closing

Sep 30, 2020

AI

David Tobin, Joe Runk, and Debbie Johnston of Mission.Capita represented the buyer and seller in a recent package deal for non-performing loans in the New York, New Jersey, and CT markets. The deal, which closed on 10/01/2020, involved a portfolio of 215 single-family mortgages with a total value of $72,806,019.

Summary of transation details

  • Property Type: Package Deal – Non Performing Loans (Single Family)
  • Transaction Amount: $72,806,019
  • Market: New York, New Jersey, CT

This transaction was facilitated by David Tobin, Joe Runk, and Debbie Johnston of Mission.Capita. They played a key role in representing the buyer and seller throughout the deal, ensuring a successful outcome for both parties involved.

Players

David Tobin

Broker

$134.2M

vol

4 deals

Broker

West New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93