S3 Capital Partners Provides $4.6M Acquisition Loan For Industrial Property In Clifton, NJ
FINANCED
$4,600,000
New Jersey
See Similar DealsIndustrial61,780 SF
Financed 04/14/2022
FINANCED
S3 Capital Partners Provides $4.6M Acquisition Loan For Industrial Property In Clifton, NJ
180 Kingsland Road, Clifton, New Jersey 07014, United States
See Similar DealsIndustrial61,780 SF
Financed 04/14/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$74
Total Square Footage:61,780 SF
Transaction Type:Loan
An industrial property located at 180 Kingsland Rd in Clifton, NJ has been acquired in a closed transaction. The property spans approximately 61,780 square feet. The acquisition was facilitated through a loan provided by S3 Capital Partners.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,600,000
- Address: 180 Kingsland Rd, Clifton, NJ
- Market: Clifton, NJ
The loan was secured by Rob Schwartz, Steven Jemal, and Eric Gleitman. Rob Schwartz and Steven Jemal represented S3 Capital Partners, while Eric Gleitman acted as the broker from Mercury Capital Markets.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,600,000.00
Monthly NOI$30,666.67
Monthly Debt Service$29,075.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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