Amboy Bank Provides $17M Acquisition Loan For Office Property In Warren, NJ
FINANCED
$17,000,000
Delaware
See Similar DealsOffice121,000 SF
Financed 03/15/2023
FINANCED
Amboy Bank Provides $17M Acquisition Loan For Office Property In Warren, NJ
10 Independence Blvd.
See Similar DealsOffice121,000 SF
Financed 03/15/2023
Summary
DELAWARE
Asset Type:Office
Price Per Square Foot:$140
Total Square Footage:121,000 SF
Transaction Type:Loan
The office property located at 10 Independence Blvd in Warren, NJ was recently involved in an acquisition loan transaction. The property spans a total of 121,000 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $17,000,000
- Address: 10 Independence Blvd, Warren, NJ
- Market: Warren, NJ
The loan for the acquisition was provided by Amboy Bank. Abe Brach of Signature Acquisitions serves as the landlord for the property. Brad Domenico and Frank Stanislaski from Progress Capital acted as the loan representatives. The sales representatives involved in the transaction were Frank DiTommaso and David Bernhaut from Cushman & Wakefield.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,000,000.00
Monthly NOI$113,333.33
Monthly Debt Service$107,451.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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