Bayport Funding Provides $4M Loan For Development Site On Van Reipen Ave In Jersey City, NJ
FINANCED
$4,000,000
New Jersey
See Similar DealsDevelopment Site148,136 SF
Financed 07/19/2020
FINANCED
Bayport Funding Provides $4M Loan For Development Site On Van Reipen Ave In Jersey City, NJ
32 Van Reipen Avenue, Jersey City, NJ 07306, USA
See Similar DealsDevelopment Site148,136 SF
Financed 07/19/2020
Summary
NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$27
Total Square Footage:148,136 SF
Transaction Type:Loan
Located at 24-32 Van Reipen Ave in Jersey City, NJ, this development site was involved in a recent transaction. The property holds great potential for future development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,000,000
- Address: 24-32 Van Reipen Ave, Jersey City, NJ
- Market: Jersey City, NJ
- Lender: Bayport Funding
- Lender Representatives: Marcia Kaufman, Harris Lukashok & Hakeem Edwards
- Loan Amount: $4,000,000
- Building Square Footage: 148,136
The loan for this transaction was provided by Bayport Funding, represented by Marcia Kaufman, Harris Lukashok & Hakeem Edwards. They played a crucial role in facilitating the financing.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,000,000.00
Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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