Tall Pines Capital Loan $120M For Mixed-Use Property In Jersey City
FINANCED
$120,000,000
New Jersey
See Similar DealsFinanced 02/19/2020
FINANCED
Tall Pines Capital Loan $120M For Mixed-Use Property In Jersey City
400 Claremont Ave, Jersey City, NJ 07304, USA
See Similar DealsFinanced 02/19/2020
Summary
NEW JERSEY
Transaction Type:Loan
Emanuel Stern and Kathy Anderson were involved in a recent closed property transaction. The property, located at 400 Claremont Avenue in Jersey City, is a mixed-use asset. The transaction was facilitated by Tall Pines Capital, with Emanuel Stern acting as the lender. The landlord of the property is Art Johnson. Kathy Anderson, representing Progress Capital, served as the broker in the deal.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $120,000,000
- Units: 631
Emanuel "Manny" Stern, the son of Leonard Stern, was involved in the transaction. Leonard Stern has a net worth of $4.8 billion.
Players
BROKERAGE
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$120,000,000.00
Monthly NOI$800,000.00
Monthly Debt Service$758,481.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions