JG Funding Corp Provides $875K Refinancing Loan For Development Site In Bergenfield, NJ
FINANCED
$875,000
New Jersey
See Similar DealsDevelopment Site15,000 SF
Financed 12/01/2022
FINANCED
JG Funding Corp Provides $875K Refinancing Loan For Development Site In Bergenfield, NJ
65 Thames Boulevard
See Similar DealsDevelopment Site15,000 SF
Financed 12/01/2022
Summary
NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$58
Total Square Footage:15,000 SF
Transaction Type:Loan
Located at 65 Thames Blvd in Bergenfield, NJ, this development site spans approximately 15,000 square feet with a building square footage of 12,000. The property is under the ownership of 65 Thames LLC.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $875,000
- Loan Type: Refinancing Loan
- Lender: JG Funding Corp - Jeremy Goldzal
- Loan Terms: 1st Lien, 12 months + extensions; I/O payment - FIXED RATE
Jeremy Goldzal of JG Funding Corp facilitated the loan for this property, providing the borrower with a loan amount of $875,000. The loan is a refinancing loan with a fixed rate and an interest-only payment structure. The terms include a 12-month duration, with the possibility of extensions, and a first lien on the property.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$875,000.00
Monthly NOI$5,833.33
Monthly Debt Service$5,530.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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