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Natixis Real Estate Capital Provides $55M Floating-Rate Loan For Industrial Properties In Jersey City, Hoboken, Union City, Newark, & Garfield

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FINANCED
$55,000,000
Richard Horowitz
Justin Horowitz
+ 1

New Jersey

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Industrial
Financed 01/28/2021
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FINANCED

Natixis Real Estate Capital Provides $55M Floating-Rate Loan For Industrial Properties In Jersey City, Hoboken, Union City, Newark, & Garfield

190 Baldwin Avenue, Jersey City, NJ, USA

See Similar Deals
Industrial
Financed 01/28/2021
Richard Horowitz
Justin Horowitz
+ 1
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Transaction Type:Loan

The Alan Mruvka Company, represented by Alan Mruvka, secured a $55,000,000 floating-rate loan from Natixis Real Estate Capital. The loan was obtained for multiple industrial properties located at 190 Baldwin Ave, 315 Coles St., 3322 Hudson Ave, 200 Mt. Pleasant Avenue, and 170 River Dr. The properties are situated in Jersey City, Hoboken, Union City, Newark, and Garfield, respectively.

Summary of transaction details

  • Property Type: Industrial
  • Loan Amount: $55,000,000
  • Lender: Natixis Real Estate Capital
  • Landlord: The Alan Mruvka Company - Alan Mruvka
  • Lender's Representative: Michael Magner
  • Landlord's Representative: Richard Horowitz & Justin Horowitz - Cooper Horowitz

Michael Magner of Natixis Real Estate Capital served as the lender's representative in the deal, while Richard Horowitz and Justin Horowitz of Cooper Horowitz represented The Alan Mruvka Company as the landlord's representatives.

Players

Justin Horowitz
31 deals$1.9B volume(212) 986-8400
BROKER

Richard Horowitz
Cooper Horowitz
40 deals$2.7B volume
BROKER

Michael  Magner
1 deal$55M volume
BROKER

Alan Mruvka
6 deals$335.8M volume
BROKER

Alan Mruvka
6 deals$335.8M volume
LANDLORD

Alan Mruvka
6 deals$335.8M volume
LANDLORD

Alan Mruvka
6 deals$335.8M volume
LANDLORD

Details

FINANCED
IMAGE: Alan Mruvka & Michael Magner DATE: 01/28/2021 ADDRESS: 190 Baldwin Ave, 315 Coles St., 3322 Hudson Ave, 200 Mt. Pleasant Avenue & 170 River Dr. MARKET: Jersey City, Hoboken, Union City, Newark, & Garfield ASSET TYPE: Industrial LENDER: Natixis Real Estate Capital LANDLORD: The Alan Mruvka Company - Alan Mruvka LENDER'S REP: Michael Magner LANDLORD'S REP: Richard Horowitz & Justin Horowitz - Cooper Horowitz LOAN AMOUNT: $55,000,000 LOAN TERMS: Floating-rate loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$55,000,000.00

Monthly NOI$366,666.67
Monthly Debt Service$347,637.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00