Updated Dec 20, 2023
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
About this deal
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
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