Khosla Capital Acquires 252-Unit Multifamily Property In Englewood, NJ For $81.9M Loan
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This MultiFamily property located in NJ received a loan of $81,900,000 over 2 years ago. The brokers of the deal were Zev Karpel and Judah Hammer
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- Location100 Sterling Boulevard, Englewood, NJ 07631
- Loan Value$81,900,000
- Asset TypeMultiFamily
- Parties2 Brokers, 1 Agency, 2 Lenders
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Deal Summary
LOAN
IMAGE: Zev Karpel & Judah Hammer
DATE: 12/06/2021
ADDRESS: 100 Sterling Boulevard
MARKET: Englewood, NJ
ASSET TYPE: Multifamily ~ UNITS: 252
LENDER: New York Community Bank (NYCB) & Harbor Group International (HGI)
LANDLORD: Khosla Capital - Raman Khosla & DKJ Equity
BROKERS: Zev Karpel & Judah Hammer - Meridian Capital Group
SELLER: The S.Hekemian Group
LOAN AMOUNT: $81,900,000
LOAN TYPE: Acquisition
LOAN TERMS: 10-year debt package was extended to the borrowers at an 83 percent loan-to-cost ratio
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100 Sterling Boulevard
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