Black Bear Capital Partners’ ("BBCP")Emil DePasquale Secures $21.1M Refinance for Moonachie Industrial Asset
FINANCED
$21,100,000
New Jersey
See Similar DealsIndustrial169,700 SF
Financed 10/16/2024
FINANCED
Black Bear Capital Partners’ ("BBCP")Emil DePasquale Secures $21.1M Refinance for Moonachie Industrial Asset
100 Redneck Avenue
See Similar DealsIndustrial169,700 SF
Financed 10/16/2024
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$124
Total Square Footage:169,700 SF
Transaction Type:Loan
The property asset involved in this transaction is an industrial facility located at 100 Redneck Avenue in Moonachie, NJ, comprising a total square footage of 169,700. The property underwent a refinance transaction with a loan amount of $21,100,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $21,100,000
- Loan Type: Refinance
- Loan Terms: 10-year fixed-rate loan with full-term interest-only payments
- Capital Markets Advisor: Emil DePasquale - Black Bear Capital Partners
The key individuals involved in this transaction include Emil DePasquale, who serves as the Capital Markets Advisor representing the refinancing interests through Black Bear Capital Partners.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,100,000.00
Monthly NOI$140,666.67
Monthly Debt Service$133,366.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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