Updated Sep 21, 2026
Benjamin Small And Raphael Cohen Secure $19,985,000 Acquisition Loan For Multifamily Asset In Kannapolis
2625 South Ridge Avenue
$19,985,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 11, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 2625 South Ridge Avenue in Kannapolis. The loan amount for this acquisition is $19,985,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $19,985,000
- Lender: Pearlmark Real Estate Partners
- Borrower: Benjamin Small & Raphael Cohen - ESJ Capital Partners; Ian Rosa & Eric Beaulieu - Rosa Beaulieu, LLC
- Brokers: Brian Gaswirth, Brad Woolard & Luke Maganas - JLL
- Loan Type: Acquisition
- Date: 09/11/2026
The transaction involves key parties including Benjamin Small and Raphael Cohen representing ESJ Capital Partners, along with Ian Rosa and Eric Beaulieu from Rosa Beaulieu, LLC. The brokerage team consists of Brian Gaswirth, Brad Woolard, and Luke Maganas from JLL, highlighting the collaborative effort in the deal's execution.
On the Map
$19,985,000
MultiFamily
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Players
Kannapolis MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93