Laub Realty Acquires 33-Unit Multifamily Property In Bethlehem, PA With $5.9M Loan From PGIM
FINANCED
$5,901,000
Pennsylvania
See Similar DealsMultiFamily10 SF
Financed 10/31/2023
FINANCED
Laub Realty Acquires 33-Unit Multifamily Property In Bethlehem, PA With $5.9M Loan From PGIM
910 Fire Lane
See Similar DealsMultiFamily10 SF
Financed 10/31/2023
Summary
PENNSYLVANIA
Asset Type:MultiFamily
Price Per Square Foot:$590,100
Total Square Footage:10 SF
Transaction Type:Loan
The multifamily property located at 910 Fire Lane in Bethlehem, PA has been acquired via a loan. The property comprises 33 units and is owned by Laub Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,901,000
- Units: 33
- Lender: PGIM
- Landlord: Laub Realty
The loan used for the acquisition of this multifamily property was a 10-year non-recourse fixed rate loan provided by PGIM. The loan terms include full-term interest only payments.
The deal was brokered by Brandon Harris from Black Bear Capital Partners, representing Laub Realty in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,901,000.00
Monthly NOI$39,340.00
Monthly Debt Service$37,298.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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