Updated Jan 23, 2026
Jonathan Lewis Of JLJ Capital Provides $26.21M Bridge Loan To Patriot Holdings In Methuen MA
46 Old Ferry Road
$26,212,912
Building Size
—
Asset Type
Industrial
Closing
Jan 7, 2026
About this deal
AI
The property asset involved in this transaction is an industrial asset located at 46 Old Ferry Road in Methuen, MA. The loan amount secured for this asset is $26,212,912 under a bridge loan type with a term of 24 months.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $26,212,912
- Lender: Jonathan Lewis - JLJ Capital
- Landlord: Patriot Holdings
- Originator: Dan Parmenter
The key individuals and companies involved in this deal include Jonathan Lewis, who represents JLJ Capital as the lender, and Dan Parmenter, serving as the originator for this transaction. Patriot Holdings is recognized as the landlord in this deal.
On the Map
$26,212,912
Industrial
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Players
Methuen Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93